How to Purchase Australian Dollar (AUD) using Japanese Yen (JPY)

To buy Australian Dollar using Japanese Yen, first, find a cryptocurrency exchange that supports the AUD/JPY trading pair, such as Kraken or Wirex. Create an account, verify your identity, and deposit your JPY into your exchange wallet. Locate the AUD/JPY pair on the trading platform and place an order to exchange your Japanese Yen for Australian Dollar. If the AUD/JPY pair is unavailable, you can first exchange Japanese Yen for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Australian Dollar. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.