• L. 149.866
  • H. 150.043
  • Ch. -0.0305
  • Ch.% -0.02%
Costs & Margins
  • USD/JPY represents US dollars traded against Japanese yen on the forex market. Its price denotes how man yen amount to one dollar. Unlike other forex pairs, currency pairs like USD/JPY with yen as the counter currency have pip values in the second decimal place.

    The main influences on USD/JPY are the interest rates in both countries. Japan typically keeps an extremely low interest rate, while the US will raise and lower the interest rate as deemed necessary. When the US dollar has a high interest rate, USD/JPY becomes a popular carry trade currency pair.

    The value of USD/JPY also correlates closely with the price of US treasuries. When US interest rates rise, treasury prices go down. This lifts the US dollar and increases the rate of USD/JPY. 

  • Margin From
    5 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
  • Long
  • Short
  • Min Stop Distance
    0.014 Points
  • Spreads
  • Spreads From
    0.011 Points
  • Margins
  • 0 - 75000 000
    5 %
  • 75000 000 +
    20 %
  • Dealing
  • Spreads
    0.011 Points
  • Margins
  • 0 - 75000 000
    5 %
  • 75000 000 +
    20 %
Economic Calendar

Pivot points
Pivot point
Last Updated: 2/19/2024 11:59:59 PM
Forex explained
What is forex?

Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.

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Why trade forex

People trade forex for a range of reasons, including the unmatched liquidity of the market, the ability to trade on leverage, the opportunity to take positions in both rising and falling markets, the lack of hidden fees or commissions, and the accessibility of markets being open 25 hours a day, five days a week.

Read more about why to trade forex.

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How to trade forex

In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.

You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.

Read more about how to trade forex.

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