AUDJPY Macro Bias and Analysis
Score as of 7 September 2026 · Mild Bear · Low conviction
-1 — Bearish
AUDJPY currently reads mild bear at -1 with low conviction, calculated on 7 September 2026. The dominant input is policy rates at +2, which favours the Australian dollar. Working against it, CPI sits at -2. Every scored input has a current reading.
Three-block breakdown
| Block | Value | Inputs | Read |
|---|---|---|---|
| Macro | -1 | GDP, CPI, policy rates, retail sales, unemployment, momentum | The macro block nets -1, leaning towards the Japanese yen. |
| Sentiment | +1 | COT positioning, retail crowd positioning | The sentiment block nets +1, leaning towards the Australian dollar. |
| Seasonality | 0 | historical monthly tendency | The seasonality block nets out flat — the inputs inside it cancel. |
All nine signals for AUDJPY
GDP — 0
0 — Latest annual growth readings is balanced between the two currencies.
CPI (inflation) — -2
-2 — Headline inflation favours the Japanese yen — hotter prices imply a firmer policy path for that side.
Policy rates — +2
+2 — The central-bank policy-rate differential favours the Australian dollar, before accounting for expected changes.
Retail sales — -2
-2 — Consumer demand, measured through retail sales, favours the Japanese yen.
Unemployment — -1
-1 — Labour-market slack favours the Japanese yen — a lower jobless rate scores positively.
Momentum — +2
+2 — Recent releases against forecast favours the Australian dollar — this measures surprise, not level.
COT positioning — +1
+1 — CFTC Commitments of Traders futures positioning favours the Australian dollar, read as institutional net exposure.
Retail sentiment — 0
0 — Crowd positioning, read contrarian, is balanced between the two currencies.
Seasonality — 0
0 — The historical tendency for this month is balanced between the two currencies.
September seasonality
In September, AUDJPY has averaged +0.3% over the last two years and +0.2% over five years. The two horizons agree, which makes the tendency more usable as a tiebreaker.
Most recent releases for AUD and JPY
- AUD GDP q/q released 2 Sept 2026: actual 0.4, forecast 0.3, previous 0.3.
- JPY Tokyo Core CPI y/y released 27 Aug 2026: actual 1.8, forecast 1.8, previous 1.7.
- AUD CPI y/y released 26 Aug 2026: actual 3.5, forecast 3.3, previous 3.8.
How this score is built
- Scores range from -10 to +10. Positive means the Australian dollar is favoured over the Japanese yen; negative means the reverse.
- Nine independent inputs feed three conviction blocks: macro, sentiment and seasonality. Conviction rises when blocks agree, not when one input is extreme.
- This is a macro bias and pair-selection read. It is not a trade entry, an execution signal, or investment advice.