USD/JPY Forex Trading
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
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
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.