USD/JPY

The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting in an extremely liquid pair, and very tight spreads, often staying within the 0 pip to 2 pip spread range on most forex brokers. Although the range of the USD/JPY isn’t traditionally particularly high, the lack of large price action often associated with other JPY pairs does make it easier to trade.This is especially true for short-term traders, although without offering a great pip potential. Even though the USD/JPY is the world’s second most traded pair, it’s not as popular as one might think with regards to retail traders.The pair carries a reputation as “boring”, although this isn’t an entirely accurate reflection. Trading the USD/JPYThe JPY is highly regarded as a safe haven currency, with investors often increasing their exposure following periods of uncertainty or market-induced fallouts.As both the US and Japan are highly developed economies, there are several key factors affecting the value of either currencies. This includes a range of economic indicators such as gross domestic product (GDP) growth, inflation, interest rates and unemployment data. Monetary policy by the US Federal Reserve and Bank of Japan are also large determinants in the value of each currency.
The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting in an extremely liquid pair, and very tight spreads, often staying within the 0 pip to 2 pip spread range on most forex brokers. Although the range of the USD/JPY isn’t traditionally particularly high, the lack of large price action often associated with other JPY pairs does make it easier to trade.This is especially true for short-term traders, although without offering a great pip potential. Even though the USD/JPY is the world’s second most traded pair, it’s not as popular as one might think with regards to retail traders.The pair carries a reputation as “boring”, although this isn’t an entirely accurate reflection. Trading the USD/JPYThe JPY is highly regarded as a safe haven currency, with investors often increasing their exposure following periods of uncertainty or market-induced fallouts.As both the US and Japan are highly developed economies, there are several key factors affecting the value of either currencies. This includes a range of economic indicators such as gross domestic product (GDP) growth, inflation, interest rates and unemployment data. Monetary policy by the US Federal Reserve and Bank of Japan are also large determinants in the value of each currency.

The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY).

The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar.

For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen.

The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting in an extremely liquid pair, and very tight spreads, often staying within the 0 pip to 2 pip spread range on most forex brokers.

Although the range of the USD/JPY isn’t traditionally particularly high, the lack of large price action often associated with other JPY pairs does make it easier to trade.

This is especially true for short-term traders, although without offering a great pip potential.

Even though the USD/JPY is the world’s second most traded pair, it’s not as popular as one might think with regards to retail traders.

The pair carries a reputation as “boring”, although this isn’t an entirely accurate reflection.

Trading the USD/JPY

The JPY is highly regarded as a safe haven currency, with investors often increasing their exposure following periods of uncertainty or market-induced fallouts.

As both the US and Japan are highly developed economies, there are several key factors affecting the value of either currencies.

This includes a range of economic indicators such as gross domestic product (GDP) growth, inflation, interest rates and unemployment data.

Monetary policy by the US Federal Reserve and Bank of Japan are also large determinants in the value of each currency.

Technical Analysis

USDJPY bangs against the 100/200 hour MA ceiling

USDJPY

USDJPY bangs against the 100/200 hour MA ceiling

  • The BOJ action this week keeps the USDJPY more under wrap (although it is higher)
Greg Michalowski
Greg Michalowski
Friday, 23/09/2022 | 15:30 GMT-0
23/09/2022 | 15:30 GMT-0
Technical Analysis

EURJPY moves lower after reaching highest level since end of year 2014 last week

EURJPY

EURJPY moves lower after reaching highest level since end of year 2014 last week

  • The high last week reached 145.628
Greg Michalowski
Greg Michalowski
Thursday, 22/09/2022 | 19:03 GMT-0
22/09/2022 | 19:03 GMT-0
Technical Analysis

USDJPY move lower stalls ahead of the 38.2% retracement of the last trend move higher

FOREX

USDJPY move lower stalls ahead of the 38.2% retracement of the last trend move higher

  • Plain vanilla correction so far
Greg Michalowski
Greg Michalowski
Thursday, 22/09/2022 | 16:25 GMT-0
22/09/2022 | 16:25 GMT-0
News

US yields are moving higher. 10 year yield moves above 3.60%. Stocks trading down.

US yields are moving higher. 10 year yield moves above 3.60%. Stocks trading down.

  • 10 year yield moves to a high of 3.654%
Greg Michalowski
Greg Michalowski
Thursday, 22/09/2022 | 13:27 GMT-0
22/09/2022 | 13:27 GMT-0
News

Japan finance minister says decided to intervene after examining overall trend

Japan finance minister says decided to intervene after examining overall trend

  • Japanese officials are elaborating on their first intervention to buy the yen since 1998
Justin Low
Justin Low
Thursday, 22/09/2022 | 09:53 GMT-0
22/09/2022 | 09:53 GMT-0