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