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USD/JPY

United States dollar (USD) to Japanese yen (JPY) exchange rate.

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Product Type: CurrenciesMarket: Global
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Description:

USD/JPY (United States dollar versus Japanese yen) is the second most-traded currency pair in the world, representing approximately 15% of all foreign exchange trades. Japan’s currency is the 3rd most popular in the world, trailing behind the US dollar and the euro. It is also a top international reserve currency, both within and beyond Southeast Asia. Both the USA and Japan are two major economic powers: reigning at number one and three, respectively. Together, they account for over 30% of world domestic product; for a major portion of imports and exports of goods and services and a better part of international investment. Furthermore, the economic conditions in both countries have a strong impact on the rest of the world. USD/JPY parity is known for its exceptional liquidity and high volatility, which make it a common constituent of many investors' portfolios.

Interesting Facts:

  • Both the dollar and yen are among the ‘Big 4 Major’ foreign exchange currencies. They are also the 1st and 5th most held reserve currencies in the world – accounting for approximately 62% and 4% of global reserves, respectively.
  • Japan’s economy is the 3rd largest in the world by nominal gross domestic product (GDP) and the 4th largest by purchasing power parity (PPP). It’s also the 2nd largest creditor to the US (after China), which makes it highly reliant on American consumers.
  • The demand for Japanese automobiles and electronics in the US has a significant impact on the value of both countries’ currencies, and subsequently on the USD/JPY pair.
  • Changes in the exchange rates of other JPY cross pairs, such as the EUR/JPY, GBP/JPY and CHF/JPY tend to also affect the USD/JPY’s rate.
 
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