FOREX IN DETAIL

AUD/JPY CURRENCY PAIR INFORMATION

Australia has a well developed economy due to the country's abundance of natural resources. Major exports of energy, agricultural porducts andminerals make up almost 60% of total exports and have led to significant increases in trade during the climbing prices of commodities throughout the past decades. The Japanese economy has also seen quick growth over the last 5 decades, peaking in 1989 but it also suffered a catastrophic crash when the Nikkei stock index lost 75% of its value. The Japanese economy has since improved significantly and the Yen is now commonly held as a reserve currency in many countries. The fluctuations in the AUD/JPY are affected by the interest rates set by their respective controlling banks & movement in other worldwide currencies & commodity prices.