USD/JPY

The USD/JPY spot figure represents the amount in Japanese yen that can be bought with a single US dollar.

It is one of the world's major currency pairs, with a previous survey from the Bank for International Settlements revealing that USD/JPY represented 17 per cent of total daily volume on forex trading markets.

Perhaps the most significant factor affecting the pair is the difference in interest rates set by the US Federal Reserve and the Bank of Japan.

USD/JPY has traditionally been associated with the carry trade, an investment tool that involves speculators borrowing money at low interest rates and buying higher-yielding assets in a different currency.

Product Specifications and Information
USD/JPY
Spot
77.7500
Spread 3 pips
100,000
0.01
¥1000 per 0.01($ value fluctuates)
Margin $1,000
Monday 1.00 Am to Saturday 12.30 Am
N/A