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US Dollar/Japanese Yen (USD/JPY) Exchange Rate

Type: Currency | Group: Major | Base: US Dollar | Second: Japanese Yen
108.59 0.01  (0%) Update 22/10/2019 09:53:23
High108.54
Low0.01
52Wk High114.2 Since 11/12/18 -4.96%
52Wk Low0.01 Since 05/15/19 0%
Open108.73
Prev Close108.42
20-Day Average107.8565
200-Day Average107.91795
14-Day Rel Strength0
14-Day Stochastic100.31371

USD/JPY Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic-72.4233-36.206736.106772.3233144.6367180.8533253.1667
Fibonacci-36.20675.251830.864972.3233113.7818139.3949180.8533
Camarilla138.2658128.3172118.368672.3233118.3686128.3172138.2658
Woodie's-54.3750-27.182554.155081.3475162.6850189.8775271.2150
DeMark's---0.050054.2450108.4800--

USD/JPY Advanced Live Chart

USD/JPY Advanced Live Chart

USD/JPY Exchange Rate

The USD/JPY pair is counted among the most popular Forex currency pairs because of its relative liquidity and typically low spreads. When viewing the US dollar to the Japanese yen chart it is important to realize that the Japanese yen is heavily dependent on exports in particular and on the global financial market in general. For this reason, a volatile market may make it difficult to trade JPY-based pairs successfully. Despite this, the Japanese yen remains an extremely acknowledged Forex pair for carry trades, which has bolstered the popularity of the USD/JPY as a pair.

Dollar/Yen

The US dollar is the most heavily traded currency in the Forex markets, with a gross domestic product (GDP) of nearly $14 trillion, making the United States the largest national economy in the world. The yen is now the fourth most popular currency. With this in mind, the US dollar to the Japanese yen FX trading analysis can yield excellent opportunities for profits for both new and experienced traders who understand market trends and know how to leverage each currency to their advantage. Reviewing the USD/JPY chart can yield some interesting data to currency traders.

The Yen has become one of the most traded currencies in the world and is used in carry trades resulting in its low interest rates. Carry trades is a strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used.

USD/JPY Rate

The Bank of Japan has expanded their purchase of Yen of late, in hopes of reversing Japan’s deflation tide to inflation. By doubling this money supply, The BOJ is devaluing the Yen and boosting exports while increasing prices of imports, especially for commodities, at the same time. This will most definitely affect the USD/JPY price.

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