The United States Dollar against the Japanese Yen ($/¥) –Nickname ‘The Yen’

USDJPY ANALYSIS

The United States Dollar against the Japanese Yen ($/¥) –Nickname ‘The Yen’

CENTRAL BANK

FED

BoJ

FOREIGN CURRENCY RESERVES

41.901 Million USD

1.199.000 Million USD

 

USDJPY Preface:

USDJPY is a very dynamic Forex pair that trades within straightforward long-term cycles. USDJPY is one of the three most liquid Forex pairs worldwide along with EURUSD and GBPUSD. Note that the Bank of Japan holds massive Foreign Currency Reserves worth about 1.2 trillion USD.

 

USDJPY Monthly Statistics:

These are the monthly average returns of USDJPY based on 15 years of daily data.

CALENDAR MONTH

AVERAGE MONTHLY RETURNS

TIMES

(↑)

TIMES

(↓)

AVERAGE DAILY VOLATILITY

JANUARY

0.34%

9

6

0.905%

FEBRUARY

0.80%

8

7

0.865%

MARCH

0.98%

10

5

0.971%

APRIL

0.12%

6

9

0.879%

MAY

-0.57%

5

10

0.884%

JUNE

0.11%

8

7

0.821%

JULY

-0.27%

9

6

0.784%

AUGUST

-1.29%

5

10

0.813%

SEPTEMBER

0.11%

8

7

0.848%

OCTOBER

-0.61%

7

8

0.846%

NOVEMBER

0.45%

8

7

0.817%

DECEMBER

1.11%

9

6

0.782%

 

Best Months to Trade the USDJPY:

()-LONG TRADES

According to data during 2000-2014 the best months to go long on USDJPY are:

→ DECEMBER, with positive average returns +1.11%

→ MARCH, with positive average returns +0.98%

→ FEBRUARY, with positive average returns +0.80%

()-SHORT TRADES

According to 2000-2014 data the best months to go short on USDJPY are:

→ AUGUST, with negative average returns -1.29%

→ OCTOBER, with negative average returns -0.61%

→ MAY, with negative average returns -0.57%

 

USDJPY Monthly Statistics Chart:

This is the USDJPY Monthly Performance Chart.

Chart: USDJPY Average Returns (%) per Calendar Month

Most Volatile Days of the Week to Trade the USDJPY

These are the most volatile days to trade USDJPY based on the average pip range of each day of the week.

Monday

Tuesday

Wednesday

Thursday

Friday

65 pips

80 pips

90 pips

125 pips

100 pips


Best Intraday Times to Trade the USDJPY:

In general, the best time to trade USDJPY is during the Asian session but also during the late US session.

 

Forex Brokers and USDJPY Trading

These are some USDJPY Forex Brokers.

FOREX BROKER

USDJPY SPREADS

USDJPY SWAPS

PLATFORMS

ACCOUNT

INFORMATION

» HOTFOREX

HOTFOREX

REGULATED BY:

FCA UK, CySEC, MiFID

US TRADERS: NO

USDJPY SPREADS:

1.7 pip Fixed

 

LONG (↑)

$ -0.18

SHORT (↓)

$ -0.25

□ MetaTrader4

□ WebTrader

SCALPING: YES

$50 Minimum Deposit Amount

WELCOME BONUS:

40-100%

WEB-SITE:

Visit HotForex

REVIEW:

Review

» XM

REGULATED: FSA UK, CySEC, ASIC, MiFID

US TRADERS: NO

USDJPY SPREADS:

2.0 pips Fixed

 

LONG (↑)

$ -0.04

SHORT (↓)

$ -0.68

□ Web Trader

□ MirrorTrader

□ MetaTrader4

SCALPING: YES

$50 minimum deposit

WELCOME BONUS:

40-100%

WEB-SITE:

Visit XM

REVIEW:

Review

» FXCC

REGULATED: FCA UK

US TRADERS: NO

USDJPY SPREADS:

1.7 pip typical with commissions

LONG (↑)

$ -0.01

SHORT (↓)

$ -0.61

□ MetaTrader4

□ Sirix WebTrader

SCALPING: YES

$100 Minimum Deposit Amount

WELCOME BONUS:

30-100%

WEB-SITE:

Visit FXCC

REVIEW:

Review

 

PAIRS: » GBPUSD | » EURUSD | » USDCAD | » EURGBP | » EURJPY | » AUDUSD | » NZDUSD

 

USDJPY ANALYSIS

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