Does audjpy get moved by news in the day

The AUD/JPY currency pair is known for its high volatility and sensitivity to market news and events. As a major currency pair, it is heavily influenced by global economic trends, central bank decisions, and geopolitical events. Here are some examples of how news can impact the AUD/JPY:

  1. Australian economic data: Releases of Australian economic indicators, such as GDP, inflation, employment, and retail sales, can significantly move the AUD/JPY. Stronger-than-expected data can boost the Australian dollar, while weaker-than-expected data can lead to a decline.
  2. Japanese economic data: Japanese economic indicators, such as GDP, inflation, and industrial production, can also impact the AUD/JPY. Stronger-than-expected data can lead to a weaker yen, while weaker-than-expected data can lead to a stronger yen.
  3. Central bank decisions: Decisions by the Reserve Bank of Australia (RBA) and the Bank of Japan (BOJ) can have a significant impact on the AUD/JPY. For example, if the RBA raises interest rates, it can strengthen the Australian dollar, while a BOJ rate cut can weaken the yen.
  4. Global economic trends: Global economic trends, such as the performance of the US and European economies, can also influence the AUD/JPY. For example, a strong US economy can lead to a stronger US dollar, which can weaken the Australian dollar.
  5. Geopolitical events: Geopolitical events, such as trade tensions, political instability, or natural disasters, can also impact the AUD/JPY. For example, a trade war between the US and China can lead to a decline in global trade and a weakening of the Australian dollar.
  6. Commodity prices: The AUD/JPY is also influenced by commodity prices, particularly iron ore and gold, which are major exports of Australia. Changes in commodity prices can impact the Australian dollar.
  7. Currency market sentiment: Market sentiment, including investor sentiment and positioning, can also influence the AUD/JPY. For example, if investors become more risk-averse, they may sell the Australian dollar, leading to a decline in the AUD/JPY.

Some examples of news events that can impact the AUD/JPY include:

It's essential to stay informed about these news events and their potential impact on the AUD/JPY to make informed trading decisions.