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US Dollar vs Japanese Yen

US Dollar vs Japanese Yen (USDJPY)

The USDJPY currency pair represents the exchange rate between the United States Dollar and the Japanese Yen. It is one of the most traded forex pairs globally and holds significant importance in international finance.

-.-- -.--%
Annual change
-.--%
All time High / Low
98.996 / 161.95
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
157.153
High
158.109

USDJPY Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: 8.33
  • Swap Short: -34.68
  • Margin Group: FX Majors
  • Margin Currency: USD
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of USDJPY

The history of the USDJPY currency pair is a reflection of the economic and financial interactions between the United States and Japan. Over time, this pair has witnessed various fluctuations influenced by factors such as changes in central bank policies, economic data releases, trade relations, and global market sentiment. Japan and the United States are two of the world’s largest economies, making the USDJPY pair a vital component of the forex market. Traders and investors closely follow this pair to gain insights into the relative strength of the U.S. Dollar and the Japanese Yen, making it a significant instrument for those seeking opportunities related to these two economic powerhouses.

currency pair usdjpy

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Frequently Asked Questions

USDJPY is a commonly traded forex currency pair that represents the exchange rate between the United States Dollar and the Japanese Yen. In this pair, USD is the base currency, and JPY is the quote currency. It indicates how much one U.S. Dollar is worth in Japanese Yen. Traders and investors use USDJPY to assess the relative strength of these two currencies and make informed decisions based on economic, political, and global market factors impacting both the United States and Japan. Due to the significance of these economies, USDJPY is one of the most traded currency pairs globally.

To trade the USDJPY pair, you need to open a trading account with a forex broker that offers this currency pair. Familiarize yourself with the factors that influence the USDJPY exchange rate, such as economic indicators, central bank policies, geopolitical events, and market sentiment. Conduct thorough market analysis using technical analysis tools and charts to identify potential entry and exit points. Develop a trading strategy that aligns with your risk tolerance and profit goals. When placing a trade, specify the USDJPY pair, the trade direction, position size, and relevant parameters. Monitor your trade, set stop-loss and take-profit levels to manage risk, and stay updated with market news. Regularly review your trading performance and make adjustments to your approach as needed.

The trading hours for USDJPY can be found here

Popular trading strategies for the USDJPY pair include trend following, range trading, breakout trading, and carry trade strategies. Trend-following strategies involve trading in the direction of the prevailing trend, using technical indicators to identify entry and exit points. Range trading focuses on profiting from price oscillations within a specific range, buying near support levels and selling near resistance levels. Breakout trading seeks to capitalize on price movements when the exchange rate breaks significant support or resistance levels. Carry trade strategies involve borrowing in a currency with a low-interest rate (like the Japanese Yen) and investing in a currency with a higher interest rate (like the U.S. Dollar), earning profits from the interest rate differential. Traders choose strategies based on their trading style and risk tolerance, combining these approaches with thorough market analysis.

When trading the USDJPY pair, consider factors like central bank policies and interest rates in both the United States and Japan, as these can significantly impact the exchange rate. Keep a close eye on economic data releases, including GDP reports, employment figures, and inflation rates, as they provide insights into the health of both economies. Be aware of geopolitical events and trade relations, as they can influence market sentiment and currency movements. Liquidity and spreads should also be considered, especially during different trading sessions. Implement risk management techniques such as setting stop-loss and take-profit orders, and maintain a well-structured trading plan to guide your decisions. Stay informed about market developments to make informed trading choices.