US Dollar / Japanese Yen vs US Dollar / Australian Dollar

US Dollar / Japanese Yen (USD/JPY) and US Dollar / Australian Dollar (USD/AUD) compared side by side. Over the past 90 days, USD/AUD is ahead by 1.7 percentage points (USD/JPY -2.9% against USD/AUD -1.2%). Their daily returns move loosely together (correlation 0.40 across 284 shared trading days). Both have run at a similar volatility, around 10% annualised.

Correlation: 0.40
Ahead over 90 days: USD/AUD

US Dollar / Japanese YenUSD/JPY

$158.2900

24h: +0.25%
Market cap: —
Volume 24h: —
Volatility (ann.): 9%

US Dollar / Australian DollarUSD/AUD

$1.4319

24h: +0.35%
Market cap: —
Volume 24h: —
Volatility (ann.): 10%

Performance

USD/JPYUSD/AUD

7 days+0.91%+0.28%USD/JPY
30 days+0.29%+1.60%USD/AUD
90 days-2.90%-1.24%USD/AUD

Correlation

0.40over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 0.451y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USD/JPY	USD/AUD
Max drawdown (400d)	-6.4%	-11.1%
Risk-adjusted return (90d)	-0.30	-0.17

Relative strength over 90 days: USD/AUD outperformed USD/JPY by 1.7% — measured on the USD/JPY/USD/AUD ratio, so it holds regardless of market direction.

US Dollar / Japanese Yen →US Dollar / Australian Dollar →