AUD/JPY analysis
The price, or rate, that is quoted is the amount of the second currency required to purchase one unit of the first currency. For example, if EUR/USD has an ask price of 1.2327, you can buy one Euro for 1.2327 US dollars. BPRIMES is the reputed and reliable forex broker for currency trading in this industry. Forex transactions are quoted in pairs because you are buying one currency while selling another.
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