In this section, you will find important USDJPY news, actionable trading ideas, and a live USDJPY chart to help you understand the markets better.
USDJPY is the ticker symbol in Global FX markets that represents how many Japanese Yen you can buy with one US dollar. USDJPY is one of the world’s major currency pairs according to the Bank for International Settlements and represents 17% percent of total daily volume on forex trading markets. The factors that affect the value of the pair are the economic policy by the Japanese and U.S. governments and central banks, but also economic conditions and other economic indicators like unemployment, imports, exports, etc. However, a key driver is risk sentiment and there is a good negative correlation between stock markets and the Japanese Yen in the short term. The JPY is sensitive to risk sentiment as it is a so-called funding currency. The pair is very popular among traders because of the high liquidity and tight spreads.
Live USDJPY Chart
With it being Thanksgiving Day in the US and without much economic data, market investors were left to brace for the worst in today's trading. The Hang Seng index led losses among Asian equities markets. As of this writing, it is down around 500 points or 1.86% at 26,397.2. Meanwhile, the Nikkei 225 finished today’s trading lower by 115.2 points or 0.49% at 23,293.9.