AUDJPY Bank Forecasts 2021

AUDJPY Forecasts

The Australian dollar against the Japanese Yen exchange rate (AUDJPY) changes every second. This article shares bank forecasts to help you predict changes in the AUDJPY rate.

2021 AUD to JPY: investors more optimistic

In 2021, two of the major Australian banks raised their AUD to JPY forecasts by 5-10%. They predict the AUDJPY to remain higher than 80.00 Yen per Australian dollar. A rising AUDJPY exchange rate suggests investors are more optimistic about the state of the global economy.

AUDJPY Bank expert rate forecasts 2021

AUDJPY Forecast Chart

Source: Australian Big 4 banks aggregate data


*Wholesale exchange rate updated

How will the AUDJPY perform in 2021?

Why is the AUDJPY rising?

There are many reasons why the Aussie dollar has been getting stronger relative to the Japanese Yen.

These are the most likely:

  • Vaccine rollout reduces coronavirus globally despite new strains
  • Australian economy bounces back supporting the Aussie Dollar
  • A weaker US dollar as the US economy struggles
  • China’s demand for Australian commodities grow
  • Economic growth on a global scale recovers
AUDJPY performance image
Bank expert AUDJPY forecasts 2021 Image

What do bank analysts think about the AUDJPY?

3 Things to know about the AUD/JPY

  1. AUD/JPY tells you how many Japanese Yen are needed to purchase one Australian dollar.
  2. The AUD/JPY is interesting because it can show how worried or happy investors are about the state of the global economy. If the AUD/JPY cross rate falls, investors are worried, if it rises investors are optimistic.
  3. The AUD/JPY can fluctuate quickly. That’s why money exchange services offer rate alerts to help you get the best exchange rate.
AUDJPY performance image

Latest AUD JPY news

Heading to Japan? The AUD JPY just hit a 3 year high

  This week, the AUD to JPY exchange rate has risen to its highest level in over 3 years. It has been a tale of 2 stories. Firstly, the Australian dollar has been getting stronger against many major currencies. More importantly though, the Japanese Yen has been much weaker. This means that it is now one of the best times to buy Japanese Yen with Australian Dollars in 2021. The Japanese yen has fallen in recent weeks, not just against the Australian dollar but against most other major currencies like the US Dollar and Euro. Higher energy prices have driven inflation […]

Why the Australian dollar is so weak against these major currencies

  In the past 12 months, the Australian dollar has been sent lower against US dollar, New Zealand dollar and the British pound. The exchange rate is also slightly down against the Japanese yen and Euro. It’s largely because of two large influences over the Australia dollar – interest rates and commodity prices. The strength or weakness of the Australian dollar exchange rate is also impacted by the value of the other currency. For example, if the US dollar gets stronger in its own right, then all other things being equal, the Australian dollar will weaken and the AUD to […]

best time to buy Japanese yen

When is the best time to buy Japanese Yen with Australian dollars?

  The best time to buy Japanese Yen with Australian dollars this year, was around the 10th of May when the AUD/JPY exchange rate hit 85.80. In contrast, the worst time was more recent. On the 23rd of August, the same rate bottomed out at 78.38. While it’s nearly impossible to time the market perfectly, if you are travelling to Japan and need to buy yen, a higher AUD/JPY exchange rate rate is better for you. It means that you will receive more yen to spend for each Australian dollars you have.   To work out the best time to […]