The USD/JPY spot figure represents the amount in Japanese yen that can be bought with a single US dollar.

It is one of the world’s major currency pairs, with a previous survey from the Bank for International Settlements revealing that USD/JPY represented 17 per cent of total daily volume on forex trading markets.

Perhaps the most significant factor affecting the pair is the difference in interest rates set by the US Federal Reserve and the Bank of Japan.

USD/JPY has traditionally been associated with the carry trade, an investment tool that involves speculators borrowing money at low interest rates and buying higher-yielding assets in a different currency.

Product Specifications and Information

Product Name USD/JPY
Trading Exchange Spot
leverage up to 1:400
Minimum Fluctuation 0.001
Spread 1.2 pips
Lot Size 100,000
Trading Hours Sunday 21.03 to Friday 20.58 GMT Time
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