Trade USD/JPY | Forex | Currency Pair | Chart (2024)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG), Product Disclosure Statement (PDS) and Target Market Determination (TMD) to determine if this product is suitable for you before deciding to enter into or obtain any financial products issued by us. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital. Be Aware: You can lose all, but not more than the balance of your Trading Account.
77% of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for all clients, therefore ensure, that you understand the risks and seek independent advice.

Should you proceed with investment in CFDs on virtual currencies, please note, that the values are highly volatile and may result in a significant loss for a short period of time.

This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Trade USD/JPY | Forex | Currency Pair | Chart (2024)

FAQs

Is USD JPY a good pair to trade? ›

USDJPY is considered an important pair among day traders, swing traders, and long-term position traders for various reasons including the following: Liquidity: As one of the most actively traded currency pairs globally, the USD/JPY is recognized for its liquidity and trading volume.

What is the best JPY pair to trade? ›

Trading the Yen Crosses

EUR/JPY has the highest volume of the JPY crosses according to the latest Triennial Central Bank Survey from the Bank for International Settlements. GBP/JPY, AUD/JPY, and NZD/JPY are attractive carry trade currencies because they offer the highest interest rate differentials against the JPY.

What is the forecast for the USD JPY pair? ›

US Dollar Outlook: USD/JPY

USD/JPY extends the rebound from the 50-Day SMA (152.62) to approach the monthly high (157.99), and the exchange rate may track the positive slope in the moving average as the former-resistance zone around the July 1990 high (152.25) seems to be acting as support.

What is the best strategy for USD JPY? ›

Swing trading is one of the most popular trading strategies for the USD/JPY currency pair. It is a short-term trading strategy that involves holding a position for a few days to a few weeks. The goal of this strategy is to capture a swing in the market and profit from it.

What is the best time to trade USD JPY? ›

New York Session (8:00 AM EST - 5:00 PM EST): This session sees the highest trading volume for USD/JPY, as it overlaps with the Tokyo market. Tokyo Session (7:00 PM EST - 4:00 AM EST): This session also has significant trading volume for USD/JPY, as it is the primary market for the Japanese Yen.

What is the best USD pair to trade? ›

The Best Forex Major Currency to Trade
  • EUR/USD: The Euro and US dollar. ...
  • USD/JPY: The US dollar and Japanese Yen. ...
  • GBP/USD: The British pound sterling and US dollar. ...
  • USD/CHF: The US dollar and Swiss Franc. ...
  • AUD/CAD: The Australian dollar and Canadian dollar. ...
  • NZD/USD: The New Zealand dollar and US dollar.

What is the hardest forex pair to trade? ›

The 10 most volatile forex pairs (USD)
  1. USD/ZAR - ​Volatility: 12.9% ...
  2. AUD/USD - Volatility: 9.6% ...
  3. NZD/USD - Volatility: 9.5% ...
  4. USD/MXN - Volatility: 9.2% ...
  5. GBP/USD - Volatility: 7.7% ...
  6. USD/JPY - Volatility: 7.6% ...
  7. USD/CHF - Volatility: 6.7% ...
  8. EUR/USD - Volatility: 6.6%

What is the most volatile JPY pair? ›

Most Volatile FX Pairs

AUD/JPY (Australian Dollar/Japanese Yen)

Is USD JPY bullish or bearish? ›

The bullish trend is currently very strong on USD/JPY.

Is USD JPY a buy or sell? ›

According to our 1 week rating the USDJPY shows the buy signal, and 1 month rating is strong buy. See more of USDJPY technicals for a more comprehensive analysis.

How many pips does USDJPY move daily? ›

Average Daily Pip Movement by Currency Pair
Currency PairAverage Daily Pip Movement Past 20 Years
EUR/USD105
GBP/USD132
USD/JPY90
Jan 26, 2023

What is the USD JPY analysis today? ›

The current rate of USDJPY is 155.778 JPY — it has increased by 0.21% in the past 24 hours. See more of USDJPY rate dynamics on the detailed chart. What kind of pair is USDJPY? USDJPY is a major currency pair, i.e. a popular currency paired with USD.

Is USD JPY good for scalping? ›

Liquidity: USD/JPY is characterized by deep liquidity and narrow spreads, making it an ideal choice for scalping. Volatility: USD/JPY tends to experience significant intraday volatility, driven by economic data releases and geopolitical events, offering ample opportunities for scalping.

What drives USD JPY? ›

The main driver of this currency pair is not only Treasuries but interest rates in both Japan and the U.S. This means the pair is a measure of risk that determines when to buy or sell the USD/JPY in terms of interest rates. The direction of this pair can be determined by the direction of interest rates.

How to make money buying yen? ›

Investing via Stocks and Bonds

If you don't want to buy an ETF or hold the actual currency, you can benefit from movements in the yen indirectly by purchasing stocks or bonds in Japanese-owned companies. As the yen appreciates against the U.S. dollar, it often gives Japanese stock prices a boost.

Which currency pair is safe to trade? ›

EUR/USD (Euro/US Dollar)

As mentioned earlier, the EUR/USD pair is the most traded currency pair globally, making it highly liquid and relatively stable. Its movements are often influenced by major economic events and policies from the ECB and the Fed, making it easier to analyze and predict.

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