USD/JPYUSD and JPY currency trading
The USD/JPY is another popular currency pair for traders. The USD/JPY consists of 2 currencies which create a 'pair'. In this case, the United States Dollar is the 'base' currency, and Japanese Yen is the 'counter' or 'quote' currency. USD/JPY is actually a comparison of the value of one currency in relation to the other. For example, the quotation USD/JPY 98.50 means that one USD is exchanged for 98.50 Yen. The USD/JPY can be influenced by such factors as the difference in interest rates set by the Federal Reserve and the Bank of Japan.
As trading occurs on currency comparison, it is easy to trade USD/JPY in any economic environment. USD/JPY trading is favoured as a way to reduce portfolio risk as it provides the ability to profit in rising and falling markets. The USD/JPY often has a similar correlation to other pairs that have USD as the base currency, such as USD/CHF and USD/CAD. On this page you will find information about factors which influence the price of USD/JPY including real-time quotes direct from our trading platform. Daily news and analysis is readily available with FOREXYARD to help with your investment decisions.
Trading USD/JPY online offers particular advantages, including round-the-clock trading. FOREXYARD provides 24 hour support, making it the most secure, trader friendly platform. With the significant leverage and low spreads offered by FOREXYARD, experienced and first time investors can start trading now with as little as $100.
