USD/JPY

Position volume


Client trades


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.

Before the financial crisis of 2008, many investors would take advantage of ultra-low interest rates from the Bank of Japan to borrow heavily in yen and invest the money elsewhere.

Although potentially very profitable, the process also carries a high level of risk due to the volatility of exchange markets. A sudden currency move in the wrong direction will leave speculators facing big losses.

The interest rate differential between the central banks of the US and Japan has narrowed considerably since the global economic downturn, leading to the unwinding of the carry trade as the value of the yen soared.

However, several analysts hailed the return of the carry trade earlier this year after the G7 nations made a joint intervention to curb the strength of the Japanese currency.

Key factors affecting the value of the US dollar are GDP growth, inflation, interest rates and unemployment data, while the yen is also influenced by similar economic indicators.

USD/JPY Market Influences

Foreign exchange rates influence the fundamental situation of other markets. In general they reflect the strength or weakness of a particular economy. There are certain factors that directly influence forex prices. These factors generally fall into three categories: economic factors, political conditions and market psychology. Economic factors include economic policy of that particular country circulated by government agencies and central banks, economic conditions prevailing in that country and other economic indicators. The market usually reacts negatively to expanding government budget deficits, and positively to reduction in the budget deficits.

Live Prices
Sell
Buy
Minimum spreads (pips): 1.2
Margin Requirements: 3.33%
Trading Hours:
Monday 00:01 - Friday 23:58

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network
  • London Office
    One Financial Markets
     

    20 Midtown
    20 Procter Street
    London
    WC1V 6NX
    United Kingdom


    T: + 44 ( 0 ) 203 857 2000
    E: info@ofmarkets.com
  • Kuwait Office
    VI Markets 
    Sharq - Mazaya Tower 02 - 10th floor 
    PO BOX 3040
    22031
    Salmiya, Kuwait   

    T:
    + 965 22256988
    E: info@vimarkets.com.kw
  • Hong Kong Office
    One Financial Markets 

    Unit 2606
    26/F Hopewell Centre
    183 Queen's Road East
    Wanchai Hong Kong


    T:
    +852 2107 2700

One Financial Markets is the trading name of C B Financial Services Ltd, a company registered in England with company number 6050593. C B Financial Services Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
www.onefinancialmarkets.com is owned and operated by C B Financial Services Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: