
USDJPY trading is available 24 hours a day from Monday to Friday, aligning with the global forex market hours. The most active trading periods are during the overlap of the London and New York sessions, and the Tokyo session. Please see the USDJPY contract details for spread, swap, and other specifics.
Taking a short position in USDJPY means you are selling the US dollar and buying the Japanese yen. This means you expect the value of the USD to decrease relative to the JPY. For example, if you short USDJPY at 110.00 and the price falls to 109.50, you profit from the 50 pip decrease. However, if the price rises, you experience a loss.
Conversely, taking a long position in USDJPY means you are buying the US dollar and selling the Japanese yen. This means you expect the value of the USD to increase relative to the JPY. For example, if you long the USDJPY pair at 110.00 and the price rises to 110.50, you profit from the 50 pip increase. However, if the price falls, you incur a loss.
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The value of USDJPY is influenced by several key factors, including interest rate differentials between the US and Japan, economic data releases, and politics.
For example, if the Federal Reserve increases interest rates while the Bank of Japan maintains low rates, the USD may strengthen against the JPY, driving the USDJPY pair higher. Similarly, positive US economic data, such as higher GDP growth, can also increase USDJPY.
The euro held above 1.17 near multi-month highs as stable ECB policy, improved growth forecasts, and softer US inflation supported the single currency.
Global commodity markets rose on geopolitical tensions, with Brent crude holding near $62 per barrel as US intervention in Venezuelan oil and Black Sea infrastructure attacks offset rising US inventories.
EUR/USD extended its advance toward 1.1780, maintaining a strong bullish structure despite momentum nearing overbought levels.
EUR/USD advanced after the ECB signaled confidence in current policy settings, while a cautious Federal Reserve weighed on the US Dollar.
EUR/USD eased after the ECB held rates and signaled limited urgency for further easing, while the Yen weakened despite a BOJ rate hike.
EUR/USD remains in a firm uptrend despite a minor pullback, supported by sustained euro demand and broad dollar weakness. The Yen softened on rising fiscal risks in Japan, while gold eased from recent highs as the dollar rebounded.
Japanese bond yields held near 18-year highs at 1.96% amid strong economic data and expectations of a BoJ rate hike, while the dollar index lingered near two-month lows due to mixed labor reports. Gold climbed above $4,320, approaching record highs, driven by safe-haven demand and expectations of anticipated Fed cuts for 2026.
Global markets were mixed following the Fed's 25 basis point rate cut, shifting focus to major central bank decisions (ECB, BoE, BoJ) and US data. US 10-year Treasury yields rose near 4.2% as some Fed officials expressed caution regarding the pace of cuts, despite dovish counterarguments.
Global markets were mixed after the Fed’s 25 bp cut, with attention shifting to upcoming ECB, BoE, and BoJ decisions and key US inflation and jobs data.
Russia-Ukraine peace efforts remain stalled.
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