Frequently Asked Questions
What is the pip value for AUD/JPY?
One standard lot (100,000 units) on AUD/JPY has a pip value of approximately $871.54. The minimum price increment (tick) is 0.01. A pip is typically the second decimal place for this pair, meaning 1 pip = 0.01 for yen pairs.
What time is AUD/JPY most active?
AUD/JPY sees its highest trading volume during the Sydney and Tokyo sessions. Cross pairs like this one see their best liquidity during the overlap of their two currency sessions. Outside of those windows, spreads may widen and order book depth can decrease.
What economic events affect AUD/JPY most?
The most impactful events for AUD/JPY come from the AUD and JPY economies. Bank of Japan policy decisions, including any changes to yield curve control, are the yen's highest-impact events. Japan's Tankan business survey and GDP data also matter. RBA cash rate decisions and the accompanying statement drive AUD pairs. Chinese economic data — PMIs and industrial production — often have an outsized effect since China is Australia's largest trading partner. The upcoming events section above lists the specific releases scheduled in the next two weeks.