USD/JPY Forex Trading

USD/JPY Live Charts

Use our USD/JPY FX live charts 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 USD/JPY Trading?

USD/JPY forex trading refers to the buying and selling of the United States dollar (USD, also known as the greenback) against the Japanese yen (JPY) in the foreign exchange market. The USD/JPY currency pair represents major economic powerhouses with significant global influence.

The exchange rate of the US dollar / Japanese yen represents the value of one US dollar in terms of the Japanese yen. For example, if it is 110.00, it means that one US dollar is equivalent to 110 Japanese yen.

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USD/JPY Historical Performance

The pair’s price exhibited volatility in the 2000s. The US dollar is much stronger than the Japanese yen. From 2000 until the second half of 2023, the pair mostly stayed above 100 JPY for 1 dollar, with only one exception. From the fourth quarter of 2008 to the second quarter of 2013, the price stayed below 100, plunging below 80 in 2011.

Following the global financial crisis, the US dollar / Japanese yen rate has fluctuated based on various factors. However, since 2013, the price has stayed above 100. A strong uptrend started in 2021, and the price skyrocketed above 150 in 2022. It can be seen that the Japanese yen is weaker than the US dollar. However, the pair demonstrates long-term trends that allow traders to make more accurate price forecasts.

Major Factors That Affect the USD/JPY Pair

Both the United States and Japan are powerful countries with strong economies. Therefore, economic data releases such as GDP growth, employment figures, inflation levels, and trade balances in both countries can impact the USD/JPY value. Positive economic data in the United States relative to Japan may lead to greenback strength and an increase in the rate, while strong economic performance in Japan may result in yen appreciation and a decrease in the pair’s value.

Monetary policy decisions by the US Federal Reserve (Fed) and the Bank of Japan (BOJ) are also crucial drivers of USD/JPY movements. Interest rate differentials between the two central banks may impact the market direction. If the Fed raises interest rates or adopts a hawkish stance, it may lead the greenback to become stronger against the Japanese yen. Conversely, if the BOJ adjusts its monetary policy or implements stimulus measures, it may influence the yen's value.

Geopolitical events such as trade tensions, political developments, and global economic uncertainties may introduce volatility and impact the USD/JPY pair. News and events that affect either the United States or Japan may influence market sentiment and drive currency movements.

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