About USD/JPY
What moves it
- The US dollar side (Federal Reserve)
- Federal Reserve rate expectations, US inflation and jobs data, and global risk appetite — in stress the dollar is usually bought.
- The Japanese yen side (Bank of Japan)
- The gap between Japanese and foreign bond yields, Bank of Japan policy shifts, and risk sentiment — the yen often strengthens when markets fall.
When it is most active
Most active during the Tokyo, London and New York sessions. Volume usually peaks while London and New York are both open.
- Tokyo
- London
- New York
See which sessions are open now, in your time zone
Pip value
One pip is 0.01. On a standard lot of 100,000 USD, a one-pip move is worth 1,000 JPY. Your broker converts this into your account currency at the current rate.
Calculate pip value and position size
Educational information only — not a recommendation to trade USD/JPY. Prices and technical summaries come from TradingView and can differ slightly from your broker’s feed.