USD/JPY - Forex Glossary | ForexCracked
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Currency & Pairs Beginner

USD/JPY

Also called: USDJPY, Dollar Yen, Gopher

US Dollar vs Japanese Yen — one of the three deepest-liquidity pairs.

01

Definition

USD/JPY is the standard yen pair and a key risk-on/risk-off barometer (yen tends to strengthen during global stress). BoJ’s yield-curve-control policy makes it especially sensitive to US-Japan yield differentials.