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Home > Market Analysis > Forex > USD JPY

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USD/JPY Market Analysis

HowToTrade.com provides our readers with a daily market analysis for the USD/JPY, including the latest news, USD/JPY price, updates, and price forecasts from our trading experts.

USD/JPY

USD/JPY Daily Price Analysis – Carry Trade is Back in Fashion

USD/JPY continues its upward momentum, driven b...ng 0.22% to trade around 148.526 at […]

Published on: 09 Oct 2024

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Published on: 08 Oct 2024 USD/JPY

Is The Dip Over For The USD/JPY?

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Published on: 02 Oct 2024 USD/JPY

USD/JPY Daily Price Analysis – Investors Seek Safe-Haven as Iran Missiles Hit Israel

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Published on: 30 Sep 2024 USD/JPY

USD/JPY Daily Price Analysis – USD/JPY Bounces Back After Friday’s Slide

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Published on: 25 Sep 2024 USD/JPY

USD/JPY Forecast – Will USD/JPY Continue to Head Lower?

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Published on: 16 Sep 2024 USD/JPY

USD/JPY Daily Price Analysis – Fed’s Rate Cut Expectations Weigh on USD

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How to Trade the USD/JPY

The USD/JPY is a popular FX currency pair among forex traders and investors. Since it is one of the 7 major currency pairs and the second most traded FX pair, it is no surprise that many prefer the USD/JPY as a trading asset to focus on. The high liquidity, narrow spreads, and volatility are some of the reasons the USD/JPY is such a popular FX asset.

A retail forex trader can trade the USD/JPY through a forex contract in the OTC market or with a contract for difference (CFD). A CFD contract enables you to speculate on the price of the USD/JPY without owning the underlying asset, which is ideal for many who have no interest in physically purchasing currencies.

Simply follow these steps to start trading the USD/JPY:

  1. 1. Open a forex trading account with SwitchMarkets, our partner broker
  2. 2. Open an account with a VPS service provider to protect your trading account from internet disconnections and slippages.
  3. 3. Choose the ideal position size and leverage ratio that suits your trading style
  4. 4. Utilize your trading strategy to identify entry and exit opportunities
  5. 5. Open your first trade by clicking on buy or sell
  6. 6. Consider risk management tools such as a risk-reward ratio, stop loss, and take profit
  7. 7. Monitor your trade and close your position when getting a signal from your preferred trading strategy

Frequently Asked Questions

What influences the USD/JPY price?

Like all FX currency pairs, the USD/JPY is influenced by central bank policies, economic data, geopolitical events, and changes in interest rates. Another key factor that influences the exchange rate between the Japanese Yen and the USD is the Yen’s role as a safe-haven asset. As such, when there’s uncertainty in the markets, particularly in China and other Asian countries, the Yen might get a boost and strengthen versus the US Dollar.

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What is the best strategy for USD/JPY?

Many trading strategies can be used to analyze USD/JPY price movements. However, one effective technique is the carry trade strategy, which basically refers to a technique of buying a high-interest currency and selling the other. Since Japan has had very low interest rates since the early 90s, traders often exploit the interest rate differentials between the two to buy the US Dollar and sell the Japanese Yen.

Is USD/JPY good for day trading and scalping?

Absolutely. The USD/JPY currency pair has enough volatility and liquidity to make it a good asset for short-term trading strategies. Yet, if you wish to day trade the USD/JPY, you must find a brokerage firm that offers low spreads. This is a crucial aspect for successful short-term trading.

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Disclaimer: The information on the HowToTrade.com website and inside our Trading Academy platform is intended for educational purposes and is not to be construed as investment advice. Trading the financial markets carries a high level of risk and may not be suitable for all investors. Before trading, you should carefully consider your investment objectives, experience, and risk appetite. Only trade with money you are prepared to lose. Like any investment, there is a possibility that you could sustain losses of some or all of your investment whilst trading. You should seek independent advice before trading if you have any doubts. Past performance in the markets is not a reliable indicator of future performance.

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