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AUDJPY is a currency pair of the Australian dollar (AUD) and the Japanese yen (JPY). The Australian dollar is the currency of Australia, one of the world's most resource-rich countries, and the Japanese yen is one of the world's three major currencies. The Australian dollar is a currency with a high interest rate and enduring popularity, while the country is politically and economically more stable than emerging economies. Australia is rich in energy resources such as iron ore and coal, and is also a gold-producing country, which means that the Australian dollar is highly correlated to the prices of gold and other resources. In addition, as resource-rich countries are greatly affected by the economies of their export partners, the Chinese economy, Australia's largest export partner, has a significant impact on the currency. The Japanese yen, which is perceived as a safe haven, is more likely to be sold in a risk-on environment (i.e., more investment in riskier assets) and to be bought in a risk-off environment (i.e., more investment in safer assets).