USD/JPY

131.188
1.90%
Daily
  • L. 128.33
  • H. 131.207
  • Ch. 2.491
  • Ch.% 1.90%
Overview
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
    2.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    1.11
  • Short
    -1.52
  • Min Stop Distance
    0.014 points
  • Spreads
  • Spreads From
    0.011 Points
  • Margins
  • 0 - 10000 000
    2.0 %
  • 10000 000 - 20000 000
    2.0 %
  • 20000 000 - 30000 000
    2.0 %
  • 30000 000 - 75000 000
    2.0 %
  • 75000 000 +
    20.0 %
  • Dealing
  • Spreads
    0.011 Points
  • Margins
  • 0 - 10000 000
    2.0 %
  • 10000 000 - 20000 000
    2.0 %
  • 20000 000 - 30000 000
    2.0 %
  • 30000 000 - 75000 000
    2.0 %
  • 75000 000 +
    20.0 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
129.862
Bid
129.795
Offer
129.835
Distance
0
Last Updated: 1/27/2023 10:00:00 PM

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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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