- Trading
- Instrument Specifications
- Currency Pairs
- USD / JPY Investing
Trade USD / JPY | Spot Forex
USD/JPY Forex Trading Conditions
| Options | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
|---|---|---|---|
| Fixed spread, pip | 1.8 | 1.8 | 1.8 |
| Floating Spread, pip | 0.5 | 0.5 | 1.8 |
| Order distance, pip | 3.6 | 3.6 | 3.6 |
| Swap, pip (Long/Short) | 0.19 / -2.52 | 0.19 / -2.52 | 0.19 / -2.52 |
| Digits | 0.01 | 0.01 | 0.01 |
|
Available volumes | >=10000.00 USD | 100.00 – 100000.00 USD | >=100.00 USD |
| Contract size | -/- | -/- | -/- |
|
1 pip value per 100000 | 1000 JPY | 1000 JPY | 1000 JPY |
| Options | Standard-Fixed | Micro-Fixed | Demo-Fixed | PAMM-Fixed |
|---|---|---|---|---|
| Fixed spread, pip | 1.8 | 1.8 | 1.8 | 1.8 |
| Order distance, pip | 3.6 | 3.6 | 3.6 | 3.6 |
| Swap, pip (Long/Short) | 0.19 / -2.52 | 0.19 / -2.52 | 0.19 / -2.52 | 0.19 / -2.52 |
| Digits | 0.01 | 0.01 | 0.01 | 0.01 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 1000 JPY | 1000 JPY | 1000 JPY | 1000 JPY |
| Options | Standard-Floating | Micro-Floating | Demo-Floating | PAMM-Floating |
|---|---|---|---|---|
| Floating Spread, pip | 0.5 | 0.5 | 1.8 | 0.5 |
| Order distance, pip | 3.6 | 3.6 | 3.6 | 3.6 |
| Swap, pip (Long/Short) | 0.19 / -2.52 | 0.19 / -2.52 | 0.19 / -2.52 | 0.19 / -2.52 |
| Digits | 0.01 | 0.01 | 0.01 | 0.01 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 1000 JPY | 1000 JPY | 1000 JPY | 1000 JPY |
USD JPY Trading Hours
USD JPY trading hours are the time when investors can buy and sell USD JPY. The USD JPY is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade USD JPY during different trading hours. Depending on where you live, you may be able to trade USD JPY at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when USD JPY trading hours begin and end.
USD/JPY Technical Analysis
The technical analysis of the USDJPY price chart on 4-hour timeframe shows USDJPY,H4 has breached below the 200-period moving average MA(200) as it is retreating after hitting six-week high nine days ago. RSI indicator is about to breach into oversold zone. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 143.23. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 145.12. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - USD/JPY
Japan’s trade deficit narrowed in April. Will the USDJPY price retreat continue?
Trade deficit narrowed in Japan: the Ministry of Finance reported the trade deficit narrowed to 115.85 billion yen in April from 504.69 billion in March, when a recovery to 271.1 billion yen surplus was forecast. Japan’s exports advanced at a slower 2% over year rate in April, in line with forecasts. This was the seventh straight month of growth albeit at the slowest pace in the that period in the aftermath of US tariffs. Shipments to the US fell 1.8%, the first drop in four months, on falling demand for automobiles, steel and ships. At the same time, total Japanese imports shrank 2.2% from a year ago but below a forecast of 4.5% decline. Narrower Japanese trade deficit is bullish for yen and bearish for the USDJPY pair. At the same time, data showed Japan’s real gross domestic product contracted at an annualized 0.7% rate in the first quarter this year, which is bullish for USDJPY.
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
The USD/JPY is also known as the “gopher” and it is the world’s second most traded pair. The value of these currencies is affected greatly by the interest rate differential between the Federal Reserve and the Bank of Japan.
USDJPY Trading
The USDJPY is also known as the “gopher” and it is the world’s second most traded pair. The value of these currencies is affected greatly by the interest rate differential between the Federal Reserve and the Bank of Japan. This pair presents how many Japanese yen are needed to trade USDJPY. For a deeper understanding how to trade currency pairs, for example USDJPY, you will need to know about bid and ask, pips and more, we suggest to start from basics "What is Forex Trading".
Trade Currency Pairs and discover the benefits of Forex trading with IFC Markets
Currency Pair USDJPY | Forex | Major
The US dollar (USD, “Greenback”) is the most widely traded currency in the world. The issuer is the Federal Reserve System(the Fed).
- Is the most popular reserve currency, held by central banks, financial institutions and private investors
- Is considered as a “safe haven” currency in periods of instability due to universally recognized reliability of the US economy
- Is used as a standard payment unit in commodity markets
