Forex Cross
AUD/JPY — Australian Dollar / Japanese Yen
0.8 – 2.5 pips · 60 – 110 pips
AUD/JPY is the purest risk-on/risk-off pair in FX: commodity currency versus funding currency. Many traders use it as a sentiment dashboard even when they trade other markets.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 100,000 AUD |
| Pip / tick value | 0.01 → ca. 6.5 – 7 USD / 1.00 lot |
| Typical spread | 0.8 – 2.5 pips |
| Typical daily range | 60 – 110 pips |
| Best trading hours | Asian session and London open |
What moves this market
- ▸Global equity direction
- ▸Chinese data via AUD
- ▸BoJ policy via JPY
Correlations to watch
- ▸Very high positive correlation to stock indices
- ▸Negative to the VIX
How traders approach it
- ▸Sentiment confirmation for index trades
- ▸Carry-style trend positions in calm markets
- ▸Fast exits when volatility expands
Typical mistakes
- ▸Holding longs into a volatility shock
- ▸Duplicating index long exposure without noticing
Related instruments
Analyse it in FX CURIO
Run an AI chart analysis on this instrument, size the position from your stop and check news and correlation risk before you click buy.