USDJPYUS Dollar / Japanese Yen — Live Price & Chart

USDJPY measures how many units of JPY one unit of USD buys — in other words, the exchange rate of the US dollar, the world's primary reserve currency, driven by Federal Reserve policy, US inflation and jobs data, and global risk sentiment against the Japanese yen, a classic safe-haven and funding currency that strengthens when global risk appetite falls and is heavily influenced by Bank of Japan policy.

It tracks the wide yield gap between US Treasuries and Japanese government bonds, so US rate expectations and Bank of Japan signals dominate. It also behaves as a risk barometer: fear tends to push the pair down as the yen strengthens.

US Dollar / Japanese Yen is a currency pair combining the US dollar, the world's primary reserve currency, driven by Federal Reserve policy, US inflation and jobs data, and global risk sentiment with the Japanese yen, a classic safe-haven and funding currency that strengthens when global risk appetite falls and is heavily influenced by Bank of Japan policy. Forex trades 24 hours a day from the Monday Sydney open to the Friday New York close, with the deepest liquidity during the London–New York overlap. Its moderate daily range suits both day traders and position traders. The pair is followed by retail day traders, bank desks and macro funds alike.