The AUD/JPY currency pair represents the exchange rate between the Australian Dollar (AUD) and the Japanese Yen (JPY). It indicates how many Japanese Yen are needed to purchase one Australian Dollar. This pair is popular among traders due to the economic ties between Australia and Japan, as well as the differing interest rates set by their respective central banks. Traders often analyze the AUD/JPY for trends influenced by factors such as commodity prices, economic data releases, and geopolitical events. Movements in this pair can reflect broader market sentiment, making it a key indicator for investors looking to gauge risk appetite in the financial markets.