Trade USD/JPY | Forex | Currency Pair | Chart (2024)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States or Belgium 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.

CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG), Product Disclosure Statement (PDS) and Target Market Determination (TMD) to determine if this product is suitable for you before deciding to enter into or obtain any financial products issued by us. The information on this site is not directed at residents of the United States or Belgium 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital. Be Aware: You can lose all, but not more than the balance of your Trading Account.
77% of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for all clients, therefore ensure, that you understand the risks and seek independent advice.

Should you proceed with investment in CFDs on virtual currencies, please note, that the values are highly volatile and may result in a significant loss for a short period of time.

This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

The information on this site is not directed at residents of the United States or Belgium 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection. The information on this site is not directed at residents of the United States or Belgium 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.

Trade USD/JPY | Forex | Currency Pair | Chart (2024)

FAQs

Is USD JPY a good pair to trade? ›

The USD/JPY pair is one of the major currency pairs in the forex market and is widely favoured by traders due to its high liquidity, volatility, and low spreads.

What is the best time frame to trade USD JPY? ›

History shows that the best window of opportunity for trading this pair is from 12:00 to 15:00 GMT. That's when the pair sees the greatest liquidity and volatility.

What is the best Yen pair to trade? ›

Trading the Yen Crosses

GBP/JPY, AUD/JPY, and NZD/JPY are attractive carry trade currencies because they offer the highest interest rate differentials against the JPY. When trading JPY currency cross pairs, you should always keep an eye out for the USD/JPY.

What is the best USD pair to trade? ›

The Best Forex Major Currency to Trade
  • EUR/USD: The Euro and US dollar. ...
  • USD/JPY: The US dollar and Japanese Yen. ...
  • GBP/USD: The British pound sterling and US dollar. ...
  • USD/CHF: The US dollar and Swiss Franc. ...
  • AUD/CAD: The Australian dollar and Canadian dollar. ...
  • NZD/USD: The New Zealand dollar and US dollar.

Is USD JPY good for scalping? ›

USD/JPY, known for its liquidity and lower spreads during certain trading sessions, is another popular choice for scalping strategies.

Is USD JPY bullish or bearish? ›

USD/JPY Weekly Outlook

Outlook will stay bullish as long as 150.80 support holds. Above 153.37 will target 155.20 fibonacci projection level next.

What is the most volatile JPY pair? ›

Most Volatile FX Pairs

AUD/JPY (Australian Dollar/Japanese Yen)

Which currency pairs move together? ›

Currency Pairs that Typically Move in the SAME Direction
  • EUR/USD and GBP/USD.
  • EUR/USD and AUD/USD.
  • EUR/USD and NZD/USD.
  • USD/CHF and USD/JPY.
  • AUD/USD and NZD/USD.

What is the most profitable time to trade forex? ›

The US and London forex markets overlap from 8 am to noon EST, or from 1:00 to 5 pm GMT. This four-hour overlap sees the highest trading volume and is a great time for trading opportunities. The Sydney and Tokyo forex markets overlap from 7 am to 9 am GMT.

What is the prediction for USD vs JPY? ›

USD/JPY FORECAST 2024

Rumors and speculations in that direction would trigger momentum for the Yen. Read more details about the forecast. The divergence in monetary policy between the Federal Reserve and the Bank of Japan led the pair to test the multi-decade high near 152.00.

What is the USD JPY forecast? ›

USD/JPY forecast – technical analysis

USD/JPY is inching towards 155.00, a level that is seen as the line in the sand for intervention.

What pairs move 100 pips a day? ›

The AUD/JPY, AUD/USD, CAD/JPY, NZD/JPY, GBP/AUD, USD/MXN, USD/TRY, and USD/ZAR move the most pips daily but are not the most liquid currency pairs. Among highly liquid currency pairs, the EUR/USD and the GBP/USD move between 70 to 120 pips daily, followed by the USD/CHF and the USD/JPY.

What is the best pair to trade for beginners? ›

Beginners might find the AUD/USD pair to be an excellent choice, since it is more predictable and less likely to spike or drop suddenly. In many studies, this pair has also been cited as one of the least volatile. In conclusion, the best currency pairs to trade for beginners are EUR/USD, GBP/USD, USD/JPY.

How many currency pairs should I trade? ›

Trading only one currency pair allows the trader to concentrate all time and effort in one place, so there is less distraction. If you are using for example a low time frame scalping method, trading only one currency pair allows you to focus well.

Which currency pair is safe to trade? ›

EUR/USD (Euro/US Dollar)

This pair is the most traded currency pair globally, accounting for over 24% of all Forex transactions. Its high liquidity ensures tight spreads and relatively stable price movements, making it a popular choice among both novice and experienced traders.

What is the trade strategy of USD JPY? ›

USDJPY Carry Trade Strategy

This involves borrowing to buy another currency to profit from their interest rate differential. For instance, if the US dollar has a higher interest rate than the Yen, a trader might take a short position on USDJPY — that is, selling the US Dollar and buying the Japanese Yen.

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