United States dollar - Japanese yen





About Usdjpy and Usdjpy Trading

What type of currency pair is USD/JPY?

The USD/JPY falls into the major currency pairs, as it consists of two major currencies: the Euro and the Japanese Yen.

In this currency pair, the JPY is the quote currency, and the USD is the base currency. The USD/JPY currency pair shows traders how much the USD is worth when compared to the JPY, and it is regarded as one of the most traded currency pairs.

Why is the USD/JPY currency pair important to traders?

There are many reasons why the USD/JPY is one of the most traded currency pairs in the world: the Japanese Yen and the U.S Dollar are among the top three most traded currencies globally, their central banks belong to the most powerful group of financial institutions, plus Japan and the U.S are both economic powerhouses.

Just like any other major currency pair, the USD/JPY pair reacts to factors such as supply and demand, interest rates, political stability, and economic growth. In addition, releases such as Consumer's Price Index, Non-Farm Payrolls (NFP) or Unemployment Claims can impact the pair's direction.

Also, monetary policy is one of the biggest drivers that influence the USD/JPY pair, with both Bank of Japan and Federal Reserve playing a big role in dictating interest rates and general economic outlook. Last but not least, unforeseen events such as natural disasters impact Japan's economy and the USD/JPY pair subsequently.

How can you trade the USD/JPY currency pair?

At CAPEX.com, you can follow the USD/JPY live chart to trade on the price movements of this currency pair through CFDs. Should you think prices will go up, you can open a long position (BUY). On the contrary, if you believe prices will go down, you can open a short position (SELL).

Here at CAPEX.com, you can trade the USD/JPY pair from Sunday to Friday, between 21:05-20:55 GMT.