The USD/JPY represents trading on the United States Dollar (USD) and the Japanese Yen (JPY). This pair is very unique because of the historically weak value of the JPY this pair normally hovers between 70.00 and 85.00. The first thing most people will notice about this pair is that it is traded in only two decimal points. This mean the PIP is the second decimal where as all other pairs not involving the JPY are traded with 4 decimal points. In binary trading you will notice that most brokers give 3 decimals on JPY pairs, this is done in order to accentuate market movements.
Trading Hours : Mon – Fri 00:00 – 23:59
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