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Afterprime / Live Spreads / Forex / Trade USDJPY CFD

USDJPY United States Dollar vs Japanese Yen

CFD Forex

Forex

Major Forex-Major OTC
Sell USD
Buy USD

Why Trade USDJPY?

  • Spreads from 0.0pips
  • Fast Execution < 1ms
  • Full Trade Receipts
  • $0 Fee Deposits
  • Webtrader (MT4)
  • TradingView
  • TraderEvolution

What is United States Dollar vs Japanese Yen / USDJPY?

USDJPY is the ticker symbol for United States Dollar vs Japanese Yen. USDJPY is a Forex CFD. The USD/JPY currency pairing is a representation of the amount of Japanese Yen (JPY) that can be bought for every US dollar (USD).

The standard contract size for USDJPY is 100000 with max lots of 1000 tradeable in 0.01 lot increments.

USDJPY Product Specification

Contract Size
100000
Margin Currency
USD
Profile Currency
JPY
Pip Value
1000
Asset Class
Sector
Major
Sub-Sector
Forex-Major
Expiry
Perpetual
Max Lots
1000
Minimum Size
0.01
Step
0.01
3-Day Swap
N/A
Product Specs

USDJPY Sessions

Exchange
OTC
Market Hours
24 Hrs
Expiry
Perpetual
Monday
00:01-23:59
Tuesday
00:01-23:59
Wednesday
00:01-23:59
Thursday
00:01-23:59
Friday
00:01-23:57
Saturday
Closed
Sunday
Closed
Time Zone
GMT +2 / GMT +3

USDJPY Platform Access

Price Feed
Desktop
Web
Mobile
FIX API
Scalping / News
Automated Trading
Day Trading

USDJPY Profit Calculator

Account Balance
Trade Size (Lots)
Buy/Sell
Account Leverage
Pip Change +/-
Instrument
USDJPY
Pip $
Margin
Converted Margin
Profit/Loss
Equity
Margin%

USDJPY Trading Strategies for Beginners

The USDJPY is a popular currency pair for traders. Here are a few trading strategies to consider when trading the USDJPY.

Carry Trade Strategy

One popular strategy for trading the USDJPY is the carry trade strategy. This strategy involves selling the JPY and buying the USD, in anticipation of the USD rising in value relative to the JPY. The carry trade is a popular strategy because it allows traders to earn the interest rate differential between the two currencies. For example, if the interest rate on USD-denominated assets is 2% and the interest rate on JPY-denominated assets is 0%, then a trader who sells JPY and buys USD can earn a risk-free return of 2%.

This strategy does come with some risks, however. First, if the JPY starts to rise in value relative to the USD, then the trader will incur losses. Second, if interest rates change, then this could impact the returns that a trader earns on this trade. Therefore, it's important to monitor interest rate changes when employing this strategy.

Trend Following Strategy

Another popular strategy for trading USDJPY is trend following. This strategy involves buying or selling based on whether the currency pair is in an uptrend or downtrend. In order to determine whether the pair is in an uptrend or downtrend, traders can use technical indicators like moving averages or Ichimoku clouds.

There are some risks to this strategy as well. First, trends can change direction quickly and without warning. Second, there is often a lag between when a trend starts and when indicators signal that a change has occurred. As such, traders need to be careful about entering trades too late and missing out on profits.

Range Trading Strategy

A third popular strategy for trading USDJPY is range trading. This approach involves buying at support levels and selling at resistance levels. Traders will often use technical indicators like Bollinger Bands to identify these levels. The main risk with this strategy is that prices can break out of ranges without warning and move sharply in one direction or another. As such, traders need to be prepared to take losses if prices move against them outside of their expected range.

These are just a few of the many strategies that traders can use when trading USDJPY. There is no one "right" way to trade any currency pair, so it's important to experiment with different approaches and find what works best for you. Remember to always manage your risk properly and stay disciplined with your trading!

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Popular USDJPY FAQs

What is the minimum trade size for USDJPY?

The minimum trade size for USDJPY is 0.01

What is the maximum trade size I can open on USDJPY?

1000 lots

How do you analyze USDJPY?

You analyze the USDJPY pair the same as any other market, by a combination of technical analysis, trend analysis, and any pertinent fundamental analysis or information that is available. You should think of the USD as the "anti-JPY", as if the JPY is soft, it generally means that there is a strengthening USD, and vice versa.

What leverage do we offer on Forex?

We offer competitive leverage rates which are determined by the Afterprime entity you register with.

What is the value of one Forex point?

One Forex point is normally = to 1000 unit of base currency. For instance, one Forex point of USDJPY is = to 1000 USD.

Is CFD trading risky?

CFD trading is extremely risky. Trading any leveraged product carries significant risk as you have the ability to open positions that are far larger than your account balance.

USDJPY Trading Strategies.

The Afterprime liquidity mix for the forex market has been specially designed to cater for all forex trading styles. Enjoy trading on USDJPY with fast speeds and low costs.

Scalpers

Low Costs

News Traders

STP Execution

HFTs

Execution From < 1ms

Expert Advisers

No restrictions

Swing traders

Low financing

Large Traders

Deep sweepable liquidity

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Trading Community.

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We look forward to supporting you on your trading journey.

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Customer Notice

Trading CFDs and FX is high risk and not suitable for all investors. Losses can exceed your initial investment. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation, or needs. Our Risk Disclosures and Legal documents should be considered before deciding to enter into any derivative transactions.

The information on this site is not directed at residents of the following countries: Australia, United States, China, New Zealand, Japan, and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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