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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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zForex offers MT5 for trading and analyzing USDJPY, including real-time price charts and technical indicators. For buy and sell signals and comprehensive market analysis, stay informed with our Daily and Weekly Market Research, and follow our YouTube and Telegram channels.
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.
Global markets turned cautious on Friday as risk sentiment weakened, led by a sharp drop in U.S. tech futures after Amazon’s heavy AI spending plans rattled investors.
Markets tilted in favor of the US dollar after strong services data reinforced concerns over persistent inflation.
The dollar index held near 97.4 on Wednesday, pausing its recent advance as the partial US government shutdown postponed key economic releases and kept traders cautious.
The US 10-year Treasury yield held near 4.27% as strong manufacturing data and Kevin Warsh’s hawkish Fed nomination supported growth confidence, while a partial government shutdown threatened to delay the upcoming jobs report.
Precious metals face heavy pressure as markets pivot to a less dovish view of Kevin Warsh’s Fed nomination, strengthening the dollar. This selloff is intensified by CME Group raising margin requirements, forcing leveraged liquidations and accelerating the retreat for gold and silver.
A modest recovery in the U.S. dollar weighed on major currencies and precious metals into the end of the week.
The dollar index steadied above 96 after hitting a four-year low, supported by Treasury Secretary Scott Bessent’s reaffirmation of a strong dollar policy despite earlier signals favoring a weaker currency.
The euro surged to a five-year high above 1.2050 as broad dollar weakness accelerated on renewed tariff threats and President Trump’s support for a weaker currency.
Japan’s 10-year government bond yield rebounded to 2.28% Tuesday as political uncertainty grew following the start of Prime Minister Sanae Takaichi’s snap election campaign. Her sliding approval ratings and expansionary fiscal goals have pressured the market, while the U.S. 10-year Treasury yield held near 4.22% ahead of a Federal Reserve meeting expected to keep rates steady.
Global markets started the week with heightened volatility as currency and commodity markets reacted to a mix of macroeconomic signals and rising geopolitical risks.
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