Question: What is the meaning of USD JPY?

USD/JPY is the abbreviation used to denote the currency exchange rate for the U.S. dollar and Japanese yen. The currency pair shows how many Japanese yen (the quote currency) are needed to purchase one U.S. dollar (the base currency). The symbol for the Japanese yen (JPY) is ¥.

Is USD JPY volatile?

Relatively low spreads – The USD/JPY remains popular. This is partly because of its comparatively low bid-ask spreads. Volatility – This currency pair displays high levels of volatility, often driven by Asian market forces.

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