Product Information
Instrument Name
USD/JPY
Spreads
0.00548 Points
Margin
Trading Hours
24 hours/day*
Guaranteed Order Min Distance
1.23 %
Alongside the GBP / USD CFD and the EUR / USD, the dollar / yen CFD is one of the most actively traded forex CFDs. The USD / JPY CFD operates like a seesaw. As one currency strengthens the other one weakens. Forex analysts making a USD / JPY forecast, look closely at the economic data from both countries, using measures such as GDP growth, unemployment numbers and house and car buying trends. Major decisions from the US Federal Reserve and the Bank of Japan - such as interest rate changes - provide a major forex signal for the currency pair CFD.
