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Discover the latest movements and expert technical analysis on the USD/JPY currency pair, with an interactive live chart and a comprehensive list of brokers offering the lowest trading costs for this dynamic market.
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The USD/JPY is the second most traded currency pair in the world, only the EUR/USD has a higher trade volume. Traditionally seen as a bellwether for the health of the wider Asian economy, the USD/JPY is heavily influenced by economic developments in the USA and Japan and its neighbours – especially China. Since US-Asian economic ties are the driver of the global economy, the USD/JPY is often seen as an indicator of broader global economic health.
The JPY and the USD are both haven currencies, so this pair often features less volatility than other major pairs, which may put off some traders. The price movement of the USD/JPY is usually most active between the Asian open and the European open. Because it is so heavily traded, spreads on the USD/JPY are usually very tight – sometimes lower than 1 pip.
Common events that affect the price movement of the USD/JPY are major announcements on interest rates by the Bank of Japan and the Federal Reserve and the release of economic data that measures the economic health of Asia and the USA. USD/JPY is especially popular with institutional traders, banks, and multinational corporations. It is often used for hedging purposes, offsetting currency risk for manufacturers and multi-national exporters and importers.
The table below shows the Forex brokers with the lowest trading costs for USD/JPY, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of USD/JPY.
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Broker | Official Site | Min. Spread | Commission | Cost of Trading (USD) Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission. | Ind. Avg. Spread | Ind. Avg. Trading Cost | International Regulators | Trading Desk | Hedging | Scalping | Compare | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4.69 / 5 | 1.26 pips | USD 0 | USD 12.60 | 1.23 pips | USD 16.76 | 30:1 | Market Maker | Yes | Yes | ||||
4.68 / 5 | 3.00 pips | USD 0 | USD 30 | 1.23 pips | USD 16.76 | 30:1 | Market Maker | Yes | Yes | ||||
4.62 / 5 | 0.80 pips | USD 0 | USD 8 | 1.23 pips | USD 16.76 | 200:1 | Market Maker | Yes | Yes | ||||
4.61 / 5 | 0.60 pips | USD 0 | USD 6 | 1.23 pips | USD 16.76 | 30:1 | NDD | Yes | Yes | ||||
4.60 / 5 | 1.40 pips | USD 0 | USD 14 | 1.23 pips | USD 16.76 | 30:1 | ECN/DMA | Yes | Yes | ||||
4.59 / 5 | 1.00 pips | USD 0 | USD 10 | 1.23 pips | USD 16.76 | 30:1 | Market Maker | Yes | Yes | ||||
4.58 / 5 | 0.10 pips | USD 4 | USD 5 | 1.23 pips | USD 16.76 | 30:1 | STP | Yes | Yes | ||||
4.53 / 5 | 0.23 pips | USD 7 | USD 9.30 | 1.23 pips | USD 16.76 | 500:1 | Market Maker NDD | Yes | Yes | ||||
4.49 / 5 | 0 pips | USD 0 | USD 0 | 0 pips | USD 0 | 30:1 | Market Maker NDD | Yes | Yes | ||||
4.46 / 5 | 0.74 pips | USD 0 | USD 7.40 | 1.23 pips | USD 16.76 | 30:1 | ECN/DMA | Yes | Yes |
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.
For detailed information about our testing methodology click here.
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