How to trade this currency pair
Interested in trading USD/JPY? This pair is one of the most popular pairs in the forex market and it is highly recommended grab this opportunity by choosing a reliable brokerage that offers the best trading conditions and premium execution along with other excellent features. Below are the top brokers that we highly recommend for trading this currency pair:
Brokers that offer USD/JPY trading
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
The listed brokers above are trustworthy and have been fully tested so your funds are more protected. They consistently rank very high based on our expert reviews and customer ratings.
Also known as the “gopher”, the USD/JPY is the cross for the United States dollar and the Japanese yen where the former is the base currency and the latter is the quote currency. The value of this pair is greatly affected by the interest rates and monetary policy statements of the US Federal Reserve (Fed) and the Bank of Japan (BoJ). It has a positive correlation with the USD/CAD and USD/CHF as all pairs have the same base currency which is the US dollar.
Why trade this currency pair
The USD/JPY belongs to the four major currency pairs which are the most popular in the world of forex trading. Featuring an exceptional liquidity, it can be a good investment choice even for novices as well as experienced traders. You have the choice of trading this profitable instrument with one of our highly-recommended brands and take advantage their integrated tools and resources.