HKD/JPY Forex Trading

HKD/JPY is a currency pair that includes a so-called safe-haven asset. This allows you to trade in various market conditions. Interested? Start trading HKD/JPY with FXOpen today!
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HKD/JPY Live Charts

Use our HKD/JPY live chart to get the most up-to-date insight into the recent performance of this pair and other currency pairs used in forex trading. It can help you make informed decisions at home or on the go – no matter if you use the TickTrader desktop platform, web terminal, or mobile app. Our real-time chart includes the very latest price, historical data, and technical analysis tools to help guide your next trade.

Indicative pricing only

What Is HKD/JPY Trading?

HKD/JPY trading refers to the trading of the Hong Kong dollar against the Japanese yen in the foreign exchange (forex) market. It’s vital to understand that HKD to JPY and JPY to HKD pairings aren't the same. In the first case, the value of one Hong Kong dollar is measured in terms of Japanese yen. For example, if the HKD/JPY exchange rate is 18, it means that 18 Japanese yen is equivalent to 1 Hong Kong dollar. At the same time, the JPY/HKD rate will be different, e.g. 0.054, and will mean that 1 Japanese yen is equivalent to 0.054 Hong Kong dollars.

The official currency of Hong Kong, which is a special administrative region of China, is the Hong Kong dollar. It is often represented by the symbol "$" or "HK$." It's one of the most traded currencies in the world due to Hong Kong's status as a major international financial centre and its robust economy.

The official currency of Japan is the Japanese yen, often denoted by the symbol "¥." The Japanese yen is widely used and recognised in global finance and commerce and is one of the world’s major currencies.

Traders engage for various reasons, including speculation on price movements, hedging against financial risk, and facilitating international trade and investment between Hong Kong and Japan.

The HKD/JPY FX pairing reacts to market sentiment as the yen is considered to be a safe-haven asset. You can open an FXOpen account to trade this pair with spreads from 0.0 pips and immediate execution.

HKD/JPY Historical Performance

When we look at long-term price movements, we see that the pair has been moving in solid trends. From the middle of 2007 until the beginning of 2012, the price plunged from around 16 to below 10. The yen’s status as a safe-haven asset supported the downtrend during the financial crisis. However, the pair managed to recover, and by the middle of 2015, its value was near 16 again.

The COVID-19 pandemic contributed to the strength of the yen in 2020, and the price corrected, moving to 13 by the end of 2020. After the correction, the Hong Kong dollar gained strength and managed to break above 19 against the Japanese yen in 2022.

Major Factors That Affect the HKD/JPY Pair

The exchange rate between the Hong Kong dollar and the Japanese yen is influenced by a variety of factors that affect supply and demand.

Key economic indicators, such as GDP growth, unemployment rates, inflation, and industrial production in both Hong Kong and Japan, can impact the exchange rate. Decisions made by the Hong Kong Monetary Authority (HKMA) and the Bank of Japan (BoJ) regarding interest rates, monetary policy, and quantitative easing can greatly influence the relative strength of their respective currencies.

Political stability and geopolitical tensions in Hong Kong, Japan, or the broader region can affect investor confidence and lead to shifts in the market.

The volume and direction of trade and investment between Hong Kong and Japan can also affect supply and demand.

Market participants' perceptions of risk and overall market sentiment can influence investment decisions, as the Japanese yen is considered to be a safe-haven asset. During periods of heightened risk aversion, investors might move to safer assets, thus, the yen.

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