How to trade
USD/JPY

The USDJPY pair is a major forex pair that showcases the dynamic between the US Dollar and the Japanese Yen. Investors eager to trade USDJPY should remember that this Asian currency is often considered a safe haven worldwide during market uncertainty.

How to trade USDJPY?

When trading USDJPY, it’s essential to consider the economic policies of the United States and Japan. Several factors determine the US Dollar and Japanese Yen’s movements. To understand them, investors wondering how to trade USDJPY can start with a demo account available on the SimpleFX platform. It enables them to practice trades in a risk-free environment.

After switching to a live account, investors can experience trading without minimum deposit and trade commissions. Moreover, the SimpleFX platform gives access to tools enabling conducting technical and fundamental analysis.

What is the best time to trade USDJPY?

Even though the forex market is available 24/5, investors can notice that sometimes the liquidity increases. For USDJPY, it occurs during the overlap of the Asian and North American trading sessions, eventually leading to higher movement.

Moreover, there is a noticeable time window of enhanced liquidity when the London Stock Exchange and the New York Stock Exchange overlap. Excluding rare exceptions, this period stands between 1 PM and 5 PM GMT. Navigating this window, traders may experience increased market activity, but they must always stay alert to the volatility inherent in peak times.

Is The USDJPY price going up or down?

Forecasting the direction of USDJPY price fluctuations is impossible if traders want to do it precisely, with no chance of potential mistakes. Multiple unpredictable factors cause these movements. Traders must pay close attention to both countries’ economic indicators and policy changes, with the Yen responding to shifts in market sentiment and the Dollar reacting to domestic economic performance.

The unpredictability of the market means even well-researched decisions carry inherent risks, which drives investors to stay updated all the time.

Investors can check the current USDJPY price on the chart above or the SimpleFX platform.

Is USDJPY a popular currency pair?

USDJPY is one of the most popular currency pairs for trading due to its liquidity and the relatively low cost of trading. It’s common among traders of all levels, from beginners to professionals.