Introduction The USD/JPY Pair

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The USD/JPY (US dollar/ Japanese Yen) is the relation of the US dollar against the Japanese Yen. The Yen is the official currency of Japan and is the third most traded currency in the fx market.

Forex Knowledge: Trading the US Dollar/Japanese Yen

  • Typical broker spread: 0.8-3 pips
  • Common used nicknames: Yen
  • Most active trading sessions: Asian session and US session
  • Most active trading hours: 0:00 GMT – 5:00 GMT and 12:15GMT-17:30GMT
  • Average daily range (high-low): 104 pips
  • Trading strategies to trade USD/JPY: Click here
  • Recommended level of trading experience: New
  • Value of one pip USD/JPY: Variable

Economic Events That Move The Dollar/Yen

A. Japan

  • Trade Balance
  • Merchandise Trade Balance Monthly
  • Gross Domestic Product Quarterly (GDP)
  • Tankan Survey
  • Tertiary Industry Index
  • Leading Economic Index
  • Consumer Price Index (CPI)
  • Domestic CGPI
  • BoJ Monetary Policy Meeting and Announcement
  • BOJ Monetary Policy Meeting Minutes
  • BoJ Monetary Policy Monthly Report

B. United States

  • Employment – (Non Farm Payrolls and Unemployment Rate)
  • FOMC Rate Decision
  • Trade Balance
  • Current Account Balance
  • Net Foreign Security Purchases (TIC)
  • Gross Domestic Product (GDP)
  • Consumer Confidence
  • ISM Manufacturing
  • Philadelphia Fed Survey
  • Durable Goods Orders
  • University of Michigan Consumer Sentiment Index
  • Consumer Price Index
  • Producer Price Index (PPI)
  • Advance Retail Sales
  • Fed President Speaks