Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
The USD/JPY rate tracks the price of the US dollar, the base currency, against the Japanese yen, the counter currency. It is one of the major FX currencies. Monetary policy announcements of both the US Federal Reserve and the Bank of Japan will have an influence on this currency pair as well as the respective country's interest rates.
The Federal Reserve keeps rates unchanged at 4.25% - 4.5%, signaling an extended pause. Powell reassures markets, while economic data remains key for future decisions. Read the full analysis.
13:13, 30 January 2025
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