USD/JPY Forex Trading

One of the world's most liquid currency pairs, USD/JPY is a popular portfolio addition for many forex traders. Why not sign up today and add it to yours?

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USD/JPY live charts

Our live USD/JPY charts contain a wealth of information that you can use to decide your latest position(s). From live USD/JPY forex rates to historic price trends, our dynamic chart can offer the insight you need. While it provides no guarantee of future performance, it can help you better understand the ups and downs of USD vs JPY – whether you're at home or on the go.

What is USD/JPY trading?

For global forex traders, the United States Dollar/Japanese Yen pair is an attractive proposition. Known as "the Gopher", this pair displays the value of the US Dollar (USD) versus the Japanese Yen (JPY). The USD/JPY currency pair represents two of the world's three most-traded currencies (based on 2019 analysis of daily averages from the Bank for International Settlements in 2019).

As such, USD/JPY holds an important position in the view of many investors. Together with the other leading forex pairs, it can offer a unique insight into the global economy. Its fortunes are certainly affected by economic conditions in the Asia-Pacific region. But the enduring popularity of the USD/JPY forex pair means you can be assured of high volumes, liquidity, and volatility.

Key drivers of USD/JPY prices

The US is an important trading destination for Japanese products, such as cars and electronics. As such, US market conditions can have a major bearing on USD/JPY forex rates. Overall trade is also something to consider – particularly as Japan is a major global exporter. Any disruption in its balance between imports and exports can therefore impact the USD/JPY price.

For investors who decide to trade USD/JPY, other factors to note can include global gold prices and wider economic strength across the Asia-Pacific region. US economic performance mustn't be ignored either. JPY is often seen to rise at times of stress or instability in the US market. At the same time, any rises in JPY's value can be curtailed by direct government intervention.

The best times to trade USD/JPY

Are you ready to trade USD/JPY? The first step is to sign up for your free FXOpen account. The next step is to use our USD/JPY live charts and decide what strategy will work best for you.

Open a trading account
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.