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USD/JPY overview
Overview
Costs & Margins
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USD/JPY is a forex pair that puts the US dollar against the Japanese yen, telling you how many yen it takes to buy a single US dollar. It is one of the most-traded currency pairs globally and is sometimes called the ‘gopher’ by FX traders.
The biggest difference between USD/JPY and the other major pairs is the value of the yen, which is much lower than the other major currencies. Because of this, a pip on USD/JPY is valued as 1% of a single yen, instead of 0.01% as with other pairs.
The yen is seen as a ‘safe haven’ currency among traders, so may rise in turbulent economic times.
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Margin From0 %
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Trading Hours24 hours / day *
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Min Trade Size10
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Long0.0
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Short0.0
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Min Stop Distance0.0 Points
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Guaranteed Order Minimum9.0 Points
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Guaranteed Order Premium2.5 units of quantity
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Spreads
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Spreads From0.006 Points
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Margins
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StepMargins
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Dealing
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Spreads0.006 Points
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Guaranteed Order Min Distance9.0 Points
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Margins
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StepMargins
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