Introduction:
USD/JPY stands
for U.S. Dollar/Japanese Yen. The symbol denotes how many Japanese Yen
are needed to acquire one US dollar. In the currency pair symbol, the
USD is the base currency and the JPY is the counter currency.
This pair is made up of an American and an essential Asian currency. The
unique aspect of this particular currency pair is that it offers a
wider forex market
operation time range owing to the large differences between the time
zones of US and Asia. The Japanese Yen is largely traded in the forex market during the Asian working hours in the daytime, hence, giving more time to trade for traders elsewhere in the world.
This pair is favoured not only by the novices in the forex market, but
also by the veterans. The reason lies in the value of Yen being a safe
resort for traders during times when the volatility in the market is
exceptionally low.
- General facts and importance:
- Factors affecting the pair:
- Taking advantage of news trading to make money while trading:
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