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The Australian dollar has been in circulation since Prior to that date Australia used to Australian pound, which became a separate currency in Japanese investors and companies have been active in the Australian market for many years. Use low leverage, pursue a long-term plan, and keep an eye on volatility. It is crucial to recall that as a high-risk trade, the pair is prone to experiencing periods of very severe volatility shocks where the gains of a few weeks, or even months can be wiped out in a few days, or in more extreme cases, a few hours.
It is obvious, then, that a layered-entry strategy must be employed in trading the AUDJPY pair while keeping the risk sentiment in the market in mind at all times.
The pair is influenced, above all, by the interest rate differentials between Japan and Australia. Any statement by Japanese authorities that they will abandon their extremely stimulative monetary policy stance will lead to quick and often wild swings in the pair, while commodity and stock market fluctuations also contribute to medium-term volatility. All the other general factors influencing carry trade dynamism have their impact in this pair as well.
One of the top carry pairs in the world, the Australian dollar is buoyed by the vast amounts of Japanese savings which seek higher yield than what is available at the stale domestic Japanese market. You can use the forex-charts tool to view information on major and minor currency pairs, as well as a range of commodity markets and global stock indices. Simply type in the asset of your choice and expand the chart to take advantage of a full suite of interactive features — including moving averages, Bollinger Bands and other technical indicators.
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A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account.
Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment.
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