Trade USDJPY

Trade USDJPY on Our Lowest Spreads

The Japanese Yen is known as one of the currency majors. The single currency is the third most widely traded currency in the world behind the US dollar and the Euro.

Trading volume in the USDJPY pair is usually high when the Asian and US markets are open.

The USDJPY is slightly different to the other currency pairs in that it trades to three decimal places instead of 5.

Important Contract Specifications for the USDJPY

Contract size:
0.01 contract. This means you can trade as little as one micro lot or 1/100th of the 100,000 USDJPY contract.
Margin required:0.5%. Therefore, to hold $100,000 worth of EURUSD CFDs you would need $500 in margin.
Comm.:There are no commissions on the USDJPY.
Spreads:Floating. This means the spread will be low during active market hours and higher during market hours.
Smallest contract size:1/100th of a contract. You can trade as little as 1/100th of the 100,000 USDJPY contract.
Price per point:$US10. For every full contract you have, each pip movement will be $US10. A mini contract is $US1 and a micro contract is $US0.10.
Available on social trading:Yes
Liquidity:We source our liquidity for the USDJPY via a number of global liquidity providers.

Why trade the USDJPY CFD?

There are a number of benefits of trading the Dollar Yen CFD with Synergy FX. These include:

  • Low margins starting at just 0.5% allowing you to access more opportunity
  • Small contract sizes allow you to scale in and out with ease
  • Excellent liquidity allowing for excellent trade execution during fast-moving markets.
  • Access to both profit taking, stop loss and trailing stop orders.
  • Price alerts can be set to notify you on screen or via email.
  • Robots, scalpers and hedging are welcome.
  • Free unlimited access to our exclusive Education Portal.

Trading hours for the USDJPY

SessionsQuotesTrade
Sunday
Monday00:00-24:0000:03-23:59
Tuesday00:00-24:0000:01-23:59
Wednesday00:00-24:0000:01-23:59
Thursday00:00-24:0000:01-23:59
Friday00:00-24:0000:01-23:57
Saturday

Start trading Trade USDJPY today by opening a live or demo MT4 trading account.

Why Synergy FX ?

Start trading Trade USDJPY today by opening a live or demo MT4 trading account.

  • True STP and ECN

    True ECN Spreads From 0.0 PIPS

  • Segregated Accounts

    Segregated accounts with AA rated banks

  • No Dealing Desk

    No dealing desk to manipulate price

  • Execution Speed

    Ultra Fast Order Execution

  • Global Fibre Optic Network

    Servers based in New York, London and Sydney

TOP 7 FACTS ABOUT TRADING THE JAPANESE YEN

  • The Bank of Japan’s policy of zero interest rate resulted in the carry trade phenomenon where investors borrowed Yen and invested them in better paying currencies. The carry trade was estimated to be as large as US$1 trillion dollars at one point.

  • On May 9, 2013, the Japanese currency weakened to 100 yen = 1 US$ for the first time since April 2009

  • Under the Bretton Wood system which was set in place to provide a balance between Japan and other countries, the Japanese Yen rate was fixed at ¥360 to US$1.

  • The Yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation

  • By 1980, the value of the Japanese Yen pushed to ¥227 per $1.

  • During its early period, the Japanese Yen relied on the silver standard. Japan only switched to the gold standard in 1897.

  • The Yen started circulating during the Meiji Era – 27th June 1871.