USDJPY

US Dollar vs Japanese Yen

Forex spot

-0.25%

Low - High

103.562 - 104.194

Spread

Swap Long

-1.89

Swap Short

-4.13

Margin Req.

0.2%

Trading Size

0.01 - 1000

Contract Size

100000

Leverage Up To

1:500

3-Day SWAPs

Wednesday

Commission per lot (single side)

CLASSIC $0 PRO $3 VIP $1.5

Open	Monday 00:05

Close

Friday 23:59

Server Time

GMT+2

Daily Break

23:59-00:05

About

USDJPY

USDJPY is the abbreviation for the U.S. Dollar and Japanese Yen currency pair. Trading the two is also known as trading the "gopher." It is regarded as the second most actively traded currency pair after the EURUSD. The interest rate differential between the Federal Reserve (Fed) and the Bank of Japan (BoJ) affects the value of USDJPY when compared to each other. Additionally, correlations between the U.S. and Asian equity markets are a key determinant of the exchange rate. The pair has a positive correlation with the USDCHF and USDCAD currency pairs as they all apply the U.S. dollar as the base currency. The pair has the largest range of traders among the majors and also tends to trade with a higher degree of volatility across all trading sessions.

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