AUD to JPY forecast

Since March, the Japanese Yen has moved higher, but the Australian dollar has plunged. The result, is an AUD JPY exchange rate that is almost at a 2-year low. So will this trend for the AUD JPY rate continue next year? According to major bank forecasts, yes it will, but how low will it go? This article presents major bank outlooks for the AUD to JPY in 2019 and is updated regularly.

All the major banks have released their forecasts for the AUD JPY exchange rate for 2020.

For the latest look at these forecasts, read our AUD JPY Forecasts for 2020.

AUD to JPY bank predictions for 2019

Bank experts find the interplay between the AUD and JPY interesting as the AUD JPY exchange rate hit 2-year lows recently. The Japanese Yen is considered as a "safe" investment, while the Australian Dollar is considered as a "risky" asset.

With investors worried about US and China trade wars, most of the investment is flowing to the Japanese Yen. This is also resulting in the AUD to JPY dropping. Top banks are predicting further falls by the end of 2018 and in 2019.

Check today's AUD/JPY RateCurrency Converter and Graph

What are the AUD to JPY bank forecasts today?


ANZ made a small adjustment to its AUD JPY exchange rate. ANZ expects the AUD to JPY rate to end 2019 at 75.60.

The Commonwealth Bank (CBA) predicts the AUD to JPY exchange rate to fall towards 77.76 by the end of 2018.

National Australia Bank's forecasts the AUD to JPY exchange rate to rise from current levels to 81.00 by the end of the year.


Westpac moved their AUD to JPY forecast down. Westpac expects the AUD to JPY to be 73.92 by the end of the year.

Compare Australian Dollar to Japanese Yen Exchange Rates

Compare exchange rates from Australian banks and foreign exchange leaders.

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AUD to JPY long term forecast trend

The banks outlooks for the AUD to JPY exchange rate in 2019 remains negative. Most of the banks are expecting a lower trend by the end of next year.

  • ANZ bank is the most pessimistic in 2019, with the AUD to JPY rate expected to average just 67.20.
  • NAB is expecting the AUD to JPY rate to decline to 67.50 by the end of next year and average 76.5 for the whole of 2019.
  • In contrast, CBA predicts the AUD to JPY rate will average 78.75 in 2019.
  • Similarly, Westpac expects the AUD to JPY rate to average 78.40 in 2019.
AUD to JPY 2018 and 2019 Graph

JPY to AUD forecasts

JPY YEN in a compass with the needle pointing the symbol


To convert AUD JPY into JPY AUD all you need to do is divide 1 by the rate.

For example, if the AUD to JPY exchange rate is 85.00, then 1 Australian dollar is worth JPY ¥88.00. You divide by 88.00 to find the JPY AUD exchange rate of 0.0114. You then multiply the rate by the amount you want to calculate. E.g. ¥10,000 JPY  is equivalent to AUD $114.

To save you some time, we have already calculated the "Big 4" bank forecast exchange rates in the table below.

JPY to AUD forecast exchange rates

Mar 2019 Jun 2019 Sep 2019 Dec 2019
ANZ 0.0140 0.0144 0.0147 0.0136
Westpac 0.0123 0.0126 0.0128 0.0121
NAB 0.0123 - - 0.0122
Average 0.0129 0.0132 0.0138 0.0127
By Natalie Robertson Updated March 4th, 2021