AUD/JPY · Australian Dollar / Japanese Yen

## AUD/JPY overview
AUD/JPY is often treated as a proxy for risk appetite and carry trades. It is driven by the RBA, BoJ, China demand, commodities and global equity sentiment.

## Trading risk
When risk sentiment turns suddenly, AUD/JPY can fall quickly. Control leverage and watch Asian liquidity, cross spreads and news slippage.