Home / USD/JPY
USD/JPY (USDJPY)
USD/JPY is the exchange rate between the US dollar and the Japanese yen. It's unusually sensitive to the gap between US and Japanese interest rates, since Japan's policy rate has stayed near zero for most of the pair's modern trading history, making relative-yield shifts a dominant driver.
What moves USD/JPY?
Federal Reserve rate decisions and US inflation/employment data are the primary driver from the dollar side.
Bank of Japan policy decisions and any signal of a shift away from its historically ultra-low rates move the pair sharply, since even a small change in Japan's policy rate can meaningfully narrow or widen the US-Japan yield gap that anchors USD/JPY.
Reaction statistics
Historical stats accumulating — available as data builds.Traderista provides educational information and historical data only. Nothing here is financial advice. Trading involves substantial risk of loss. Past performance does not indicate future results.