Market character
How does the pair behave?
Highly sensitive to US–Japan yield differentials and expectations of Japanese official intervention.
Major-pair profile
USDJPY Guide: US Dollar vs Japanese Yen
Highly sensitive to US–Japan yield differentials and expectations of Japanese official intervention. This page explains pip size, sessions, drivers and risk without publishing an unsupported forecast.
Fundamental drivers
What changes its pricing?
US Treasury yields, Bank of Japan policy, Japanese inflation and wages, and risk sentiment.
Active sessions
Tokyo and New York, especially when yields move
Liquidity is not constant; check releases, daylight saving and real spread before execution.
Pair-specific risk
Price pip: 0.01
JPY pairs use a 0.01 pip and can jump sharply on unexpected comments or intervention.
Direct answers
USDJPY FAQ
What does USDJPY mean?
USD is the base and JPY the quote. A rise means the base strengthens against the quote; a fall means the opposite.
When is USDJPY most active?
Liquidity is commonly concentrated during Tokyo and New York, especially when yields move, subject to releases, holidays and market conditions.
What is one pip in USDJPY?
The price increment is 0.01; its cash value changes with position size, exchange rate and account currency.
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