USD/JPY

Trading specs, live price, historical rates, and upcoming economic events for USD/JPY.

●USD/JPY data refreshes every 5 min

major · USD/JPY

159.3760+0.56%

Spread: 35640.0 pips · 24h range: 8.9640

Trading Specs

Contract Size
100,000
Tick Size
0.001
Pip Value (1 lot)
$627.45
Margin Rate
3.33%
Min Lot
0.01

Market Profile

24h High
162.9650
24h Low
154.0010
Volume 24h
126,632.736
Best Sessions
Tokyo, New York

About USD/JPY

USD/JPY is the second most traded pair globally and the most actively traded Asian currency pair. Its price action is dominated by the yield spread between US Treasury bonds and Japanese Government Bonds (JGBs) - when US yields rise, USD/JPY tends to follow. The Bank of Japan's ultra-loose monetary policy (including yield curve control) keeps JPY weak structurally, making the pair a popular carry trade. Key events: FOMC decisions, US CPI, BOJ policy meetings, and Japan's GDP data. USD/JPY often acts as a risk barometer, rising during risk-on and falling during risk-off episodes. The Tokyo session (00:00-09:00 UTC) sees the highest liquidity, with a secondary peak during the New York morning. Spreads are tight (0.3-0.8 pips), and daily ranges average 50-90 pips.

Historical Rates - Last 7 Days

DateCloseChange
2026-08-22160.7120-0.08%
2026-08-23156.4670-2.64%
2026-08-24160.7320+2.73%
2026-08-25158.0480-1.67%
2026-08-26159.0730+0.65%
2026-08-27157.5420-0.96%
2026-08-28159.3760+1.16%

See full price history on the historical rate lookup tool.

Upcoming Economic Events

  • Aug 28
    USDChicago PMI
    Med
  • Aug 28
    USDFed Chair Warsh Speech
    Med
  • Aug 28
    USDNon Farm Payrolls Annual Revision Prel
    Med
  • Aug 28
    USDMichigan Consumer Sentiment Final
    Med
  • Aug 29
    USDJackson Hole Symposium
    Med
  • Aug 30
    JPYIndustrial Production MoM Prel
    Med
  • Aug 30
    JPYRetail Sales YoY
    Med
  • Aug 31
    JPYConsumer Confidence
    Med

See all events on the economic calendar.

Frequently Asked Questions

What is the pip value for USD/JPY?

One standard lot (100,000 units) on USD/JPY has a pip value of approximately $627.45. The minimum price increment (tick) is 0.001. A pip is typically the second decimal place for this pair, meaning 1 pip = 0.01 for yen pairs.

What time is USD/JPY most active?

USD/JPY sees its highest trading volume during the Tokyo and New York sessions. As a major pair, it maintains good liquidity throughout all sessions, but activity peaks when both base and quote currency markets are open simultaneously.

What economic events affect USD/JPY most?

The most impactful events for USD/JPY come from the USD and JPY economies. US releases — non-farm payrolls, CPI, FOMC rate decisions, and GDP — are among the most market-moving events globally. A surprise in any of these can shift the pair 50–100 pips within minutes. Bank of Japan policy decisions, including any changes to yield curve control, are the yen's highest-impact events. Japan's Tankan business survey and GDP data also matter. The upcoming events section above lists the specific releases scheduled in the next two weeks.

USD pairs

JPY pairs