CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Market Trading Hours* (UTC) Open now
Closes on Monday at 20:58

Mon - Wed: 00:00 - 20:58 21:05 - 00:00

Thu: 00:00 - 20:58

  • Summary
  • Historical Data
Trading Conditions
Spread 0.010
Long position overnight fee

Long position overnight fee


Margin. Your investment $1,000.00
Overnight fee 0.011874 %
Charges from full value of position ($59.37)
Trade size with leverage ~ $500,000.00
Money from leverage ~ $499,000.00

Go to platform
0.011874%
Short position overnight fee

Short position overnight fee


Margin. Your investment $1,000.00
Overnight fee -0.020094 %
Charges from full value of position ($-100.47)
Trade size with leverage ~ $500,000.00
Money from leverage ~ $499,000.00

Go to platform
-0.020094%
Overnight fee time 21:00 (UTC)
Min traded quantity 1000
Currency JPY
Margin 0.2%
Commission on trade 0%

*Information provided by Capital.com

  • Last Week
  • Last Month
  • Last Year
  • Last two Years
  • Max
  • Daily
  • Weekly
  • Monthly
Date Close Change Change (%) Open High Low
Sep 25, 2023 148.332 -0.099 -0.07% 148.431 148.479 148.283
Sep 24, 2023 148.430 0.158 0.11% 148.272 148.444 148.236
Sep 22, 2023 148.352 0.706 0.48% 147.646 148.413 147.505
Sep 21, 2023 147.645 -0.672 -0.45% 148.317 148.459 147.318
Sep 20, 2023 148.319 0.564 0.38% 147.755 148.356 147.469
Sep 19, 2023 147.757 0.144 0.10% 147.613 147.918 147.503
Sep 18, 2023 147.612 -0.255 -0.17% 147.867 147.873 147.536
Sep 17, 2023 147.866 0.147 0.10% 147.719 147.876 147.696
Sep 15, 2023 147.830 0.373 0.25% 147.457 147.947 147.336
Sep 14, 2023 147.458 0.130 0.09% 147.328 147.564 147.010
Sep 13, 2023 147.330 0.174 0.12% 147.156 147.746 147.095
Sep 12, 2023 147.157 0.486 0.33% 146.671 147.253 146.435
Sep 11, 2023 146.670 -0.456 -0.31% 147.126 147.144 145.901
Sep 10, 2023 147.125 0.150 0.10% 146.975 147.271 146.654
Sep 8, 2023 147.770 0.440 0.30% 147.330 147.866 146.585
Sep 7, 2023 147.332 -0.381 -0.26% 147.713 147.869 147.041
Sep 6, 2023 147.714 0.260 0.18% 147.454 147.813 147.011
Sep 5, 2023 147.455 0.918 0.63% 146.537 147.798 146.484
Sep 4, 2023 146.538 0.473 0.32% 146.065 146.552 146.034
Sep 3, 2023 146.066 -0.126 -0.09% 146.192 146.254 146.021

Trading calculator

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USD/JPY

What is the USD/JPY currency pair?

The USD/JPY currency pair is formed from the United States dollar as the base currency and the Japanese yen as the counter currency. It is one of the most liquid currency pairs, because the US dollar is the first reserve currency in the world with the yen is the fourth. The popular pair is one of seven currency pairs with the USD as a base currency.

A brief history of the US dollar

One of the world’s most influential currencies, the US dollar dates its history back to Joachimstal, now modern-day Germany. In the town, silver ‘thalers’ were minted, each with a standardised weight – 29.2 g. These coins were widely used across the European continent and eventually found its way to the New World – America.

Following the American Revolution, in 1972 the newly formed US Congress instated the ‘thaler’ as the official currency, although at a slightly lighter weight – 27.0 g. This was done as a method of standardisation, following the corrupt ‘continental bill’ system.

Although still closely tied to the price of silver and gold, the US dollar has developed as a currency spawning a multitude of coins and notes. Today, the currency is controlled by the Federal Reserve, the central bank of the United States, established in 1913.

The USD is the world’s foremost reserve currency, held by numerous countries as part of their foreign exchange reserves. It also makes up one-half of seven of the world’s Forex pairs.

What’s the story behind the Japanese yen?

Introduced to Japan in the New Currency Act of 1871 by the Meiji government, the yen is the official currency of Japan. The name means ‘circle’, and the currency was introduced to create a standardised measurement of currency for the nation after the Edo Period system.

In doing so, Japan began to use the gold standard measurement used across Europe, as the new yen was tied to the weight of gold – 1.5 g – and silver – 24.26 g. To regulate and mint the newly introduced currency, the Bank of Japan was founded.

Over its history, the yen has seen periods of appreciation and depreciation. One significant period occurred after the second world war, the yen experienced a significant downturn and introduced a fixed exchange rate. By 1971, the currency had risen in value and was allowed to float.

Although it continues to be floated today, the currency is considered to be controlled, with strict government currency intervention. As of 2018, the Japanese yen is the third most traded currency in the world and acts as an anchor or reserve currency, after the USD, EUR and GBP.

What influences the USD/JPY pair?

The USD/JPY pair is greatly influenced by the US Federal Reserve (Fed) and the Bank of Japan (BoJ). Actions taken by either of these institutions can cause a rise or fall in the rate, this can include announcements of new interest rates, monetary policies or new legislation.

The pair also reacts to government and political actions, such as the threat of an American-Chinese trade war in 2017, which caused a decline for the USD. Other world currency pairs can also affect its rate, such as the USD/CHF and USD/CAD.

How to trade the USD/JPY pair?

Follow Capital.com to keep up-to-date on the latest fluctuations of the USD/JPY share price. Get the most current USD/JPY to help you trade on one of the world’s most liquid currency pairs.

News

EUR/USD tests key support

EUR/USD is currently testing a key support level after the Federal Reserve indicated a potential extension of higher interest rates.

14:32, 21 September 2023
Bank of England building

BoE leaves rates unchanged, GBP drops further as investors look for more clarity

The Bank of England has left rates unchanged at 5.25% with a 5-4 vote split after CPI dropped more than expected in August

11:45, 21 September 2023
British banknotes and coins photographed directly above. The coins are in a stack, placed on top of the banknotes.

GBP softer after CPI surprise, JPY focused on any further hints from Ueda

GBP drops after a softer CPI reading scares investors about the BoE intentions. JPY on the lookout for further policy tweaks from Governor Ueda.

12:42, 20 September 2023

How to Trade The Break & Retest

In this week's instalment, we delve into the Break & Retest pattern—a strategic approach to navigating breakout trades. If you've wrestled with the frustration of false breakouts, incorporating this pattern into your trading toolkit may help you overcome this challenge and put you on the path to becoming a more confident and consistent trader.

11:59, 20 September 2023

Cable coils near lows ahead of Fed and BoE rate decisions

It’s a big week for Cable (GBP/USD) as both the Federal Reserve and the Bank of England are set to make crucial rate decisions.

14:16, 19 September 2023

FTSE 100 Technical Outlook - 18 September 2023

In prior technical outlooks, we highlighted the importance of staying alert in sleepy markets, and last Thursday’s developments on the FTSE 100 serve as a prime illustration of this principle.

06:55, 19 September 2023
View of the City of London’s illuminated financial district skyline at dusk

Market Analysis: FTSE 100 boosted by ECB rate hike end and iron ore rally

The FTSE 100 rose over 2% on Thursday as the ECB announced no more rate hikes for now.

13:46, 15 September 2023

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