USDJPY

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.

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USDJPY News

USDJPY

USD/JPY Bullish Flag Points to 105.50

The USD/JPY pair is one of the quietest pair of the FX dashboard lately. This is unusual for a major pair, especially considering the fact that this week the Bank of Japan released its monetary policy. On top of that, the central bank also released the quarterly outlook for the […]

USDJPY

USD/JPY is Targeting 103.67 After the BOJ Decision

The USD/JPY bounced back after the BOJ interest rate decision and the extremely weak consumer price data. The USDJPY pair is trading at 103.50, which is substantially higher than the intraday low of 102.87.  What happened: Two major events happened earlier today. First, the Japanese statistics released the November inflation […]

USDJPY: Yen Grind Continues as Japan Exits Recession

The USDJPY pair is little changed today as the market reacts to a confluence of a weaker US dollar and the strong Japan Q3 GDP data. It is trading at 104.60, which is 1% below last week’s high of 105.67. In a report earlier today, Japan’s Cabinet Office said that...

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USDJPY

USD/JPY: What Next For the Japanese Yen Today?

The Japanese yen (USD/JPY) spiked to the highest level since March as traders reacted to the Fed decision and Japan household spending numbers. The Federal Reserve concluded its two-day meeting yesterday. The central bank decided to leave interest rates unchanged at 0.0%-0.25%, as it had guided in the past monetary...

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USDJPY

USDJPY Bounces From 104 Again – Is It A Double Bottom?

The USDJPY pairs tumbled to the 104 level again but somehow managed to bounce from it. This is the second time it bounces from the same level in the last six weeks, making traders wondering if it had formed a double bottom at the area. During a double bottom formation, […]

USDJPY Remains Bid Despite Strong Japanese GDP Data

One of the currency pairs that consolidated the most since the coronavirus pandemic started is the USDJPY. It moves without a clear direction, despite having plenty of reasons to do so. On the one hand, the JPY was bought by investors in search of safety. Known for its safe-haven attributes, […]