(Last Updated April 15, 2021)
Hello! This is the news page for AUDJPY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Japan BoJ Gov Kuroda Speech | NA | Japanese Yen | JPY | 2021-04-15 | 01:00 GMT | ||
| Australia Employment Change | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 35K | 70.7K |
| Australia Unemployment Rate | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 5.7% | 5.6% |
| Australia Participation Rate | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 66.1% | 66.3% |
| Japan Reuters Tankan Index | Apr 2021 | Japanese Yen | JPY | 2021-04-15 | 23:00 GMT |
On AUDJPY, we don’t see a clear trend until the 90 day basis, where we see a clear uptrend.
AUDJPY’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, suggesting the trend is generally upward, aside from a fall about 3 weeks prior.
The chart below illustrates.
Regarding AUDJPY’s correlations over the past 7 days, it has been most correlated with EURAUD. Over the past 14 days, however, NZDCHF is the asset most correlated to AUDJPY. Alternatively, GBPCAD has been the asset least correlated with AUDJPY — but if we observe the prior two weeks, the asset least correlated with AUDJPY has been NZDCAD. See the chart below to observe the recent price action in AUDJPY versus those of assets it hasn’t been well correlated with.
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At the time of this writing, AUDJPY’s rate is up 5910 pips (0.71%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. AUDJPY’s weekly price action over the past 52 weeks can be seen via the chart below.
Clearest trend on the monthly is apparent at the 60 month timeframe.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
Compared to its peers in the forex, audjpy gave its buyers a return that ranked 14th in terms of percentage change since the day prior.
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
This move is a reversal from the hour prior, which saw price move down.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Of note is that the 20 hour changed directions on audjpy; it is now pointing up.