Trade USD/JPY
US Dollar / Japanese Yen
A barometer of global risk sentiment, driven by the yield gap between the US and Japan.
Specifications
About USD/JPY
USD/JPY measures the value of the US dollar against the Japanese yen. The yen is a safe-haven currency, so USD/JPY tends to fall during periods of market stress as capital flows into yen. The pair is heavily influenced by the interest rate differential between the Federal Reserve and the Bank of Japan.
Key Price Drivers
- US Treasury yields and Fed rate expectations
- Bank of Japan monetary policy and yield curve control
- Global risk sentiment and equity market performance
- Japanese trade balance and capital flow data
Peak Trading Hours
USD/JPY is active across the Asian and US sessions, with the highest volume during the Tokyo-London handoff.
Tokyo session (00:00-09:00 UTC) and New York open (13:00-17:00 UTC)
BOJ interventions and commentary can trigger sharp moves during the Asian session.
How to Trade USDJPY on StoicFX
Open an Account
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Fund Your Account
Deposit via bank transfer, card, crypto, or e-wallet.
Find USDJPY in MT5
Open MetaTrader 5, search for USDJPY in Market Watch, and add it to your chart.
Place Your Trade
Set your lot size, stop loss, and take profit, then execute your order.
FAQ
What is USD/JPY?
USD/JPY is the forex pair that measures how many Japanese yen are needed to buy one US dollar. It is the second most traded currency pair in the world.
Why is USD/JPY considered a safe-haven barometer?
The Japanese yen strengthens during periods of global market stress because Japan is the world's largest net creditor nation and investors unwind carry trades to buy yen. As a result, USD/JPY tends to fall during risk-off episodes, making it a reliable gauge of overall market sentiment.
When is USD/JPY most active?
The pair sees strong volume during the Tokyo session and again during the New York open when US economic data is released.
How do US Treasury yields affect USD/JPY?
Rising US yields make dollar-denominated assets more attractive relative to low-yielding yen assets, which tends to push USD/JPY higher.
Start Trading USD/JPY
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CFDs are complex instruments and carry a high risk of rapid capital loss 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.