US Dollar/Japanese Yen (USD/JPY)

Written by Aboutcurrency

THE USD/JPY rate is composed of the US Dollar "base currency" and the Japanese Yen "quote currency".

USDJPY

The US Dollar/Japanese Yen rate reflects the relation of the US Dollar trading against the Japanese Yen (1 USD per x JPY). For instance, If the USD/JPY quotes at 77.70, then 10,000 US Dollars would equal 770,000 Japanese Yen (because 10,000 x 77.70 = 770,000). This simply means that 1 US Dollar buys you 77.70 Japanese Yen.

Trading Characteristics Of The USD/JPY

One of the most traded currency pairs on the spot market (17%).
Typical forex broker spread: 1-3 pips
Most active trading sessions: Tokyo, London and New York
5 Year Average Daily Range: 116 pips
Who trades the US Dollar vs Japanese Yen? Central banks, financial institutions, retail traders,...

USD/JPY Forex Trading Tips:

Recommended level of forex experience: Beginner
Best trading sessions for daytraders: London and New York
Worst times to trade: Holidays and before major economic news events
Most common used USD/JPY forex charts: Daily, 4 Hour and 1 Hour
Best forex brokers to trade USD/JPY: Click here >>>
Forex trading strategies to trade Dollar Yen: Click here >>>
Best forex trading system to trade Dollar Yen: Click here >>>

US Dollar / Japanese Yen Historical Chart

Top 5 Economic Events That Move USD/JPY

FOMC Rate Decision + Press Conference

BOE Rate Decision + Press Conference

US Employment (Non Farm Payrolls)

BoJ Monetary Policy Meeting

Tankan Survey

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