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GCC Brokers Limited (company no. 193243) is licensed and regulated by the Financial Services Commission of Mauritius as an Investment Dealer (Full Service Dealer, excluding Underwriting), licence no. GB22200739.


GCC Brokers Limited Representative Office (licence no. 1202392, Office 302, The Exchange Tower, Business Bay, Dubai, UAE) is a representative office of GCC Brokers Limited. It does not hold client money and is not licensed or regulated by any financial services regulator in the United Arab Emirates.

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Trading FX and CFDs on leverage carries significant risk and may not be suitable for all investors. You may lose more than your initial deposit. Consider your financial situation and seek independent advice before trading.

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GCC Brokers Limited does not offer services to residents of the United States or jurisdictions on the FATF and EU/UN sanctions lists.

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Forex

USD/JPY

US Dollar vs Japanese Yen — a barometer of global risk sentiment and one of the most traded forex pairs.

Trading Specifications

USD/JPY Specs

Symbol

USDJPY

Contract Size

100,000

Min Lot Size

0.01

Max Lot Size

50.00

Lot Step

0.01

Digits

3

Margin

Set by account leverage

Swap Long

6.48 pts

Swap Short

-20.28 pts

Triple swap day

Wednesday ×3

About USD/JPY

USD/JPY is the second most traded currency pair in the world, representing the exchange rate between the US dollar and the Japanese yen. The yen is traditionally considered a safe-haven currency — it tends to strengthen during periods of global risk aversion and weaken when risk appetite returns.

The pair is strongly influenced by the interest rate differential between the US Federal Reserve and the Bank of Japan (BoJ). Japan's historically low interest rates have made USD/JPY a popular instrument for carry trades, where traders borrow in low-yielding yen to invest in higher-yielding assets.

At GCC Brokers, USD/JPY is traded with full STP execution. The pair is most active during the Asian session (00:00–08:00 GMT) and the London–New York overlap. Its clean technical trends and sensitivity to macro events make it a favourite among both fundamental and technical traders.

Common Questions

Frequently Asked Questions

USD/JPY trades 24 hours a day, 5 days a week. It is most active during the Asian session (00:00–08:00 GMT) when Tokyo markets are open, and during the London–New York overlap (13:00–17:00 GMT).

A carry trade involves borrowing in a low-interest-rate currency (JPY) and investing in a higher-yielding currency (USD). Traders profit from the interest rate differential as long as the exchange rate remains stable or moves in their favour.

Spreads on USD/JPY are variable and depend on your account type and real-time market conditions; the live spread is shown on this page. The Zero account offers the tightest spreads plus a commission, and the Standard account carries no commission.

Japan is the world's largest net creditor nation. During global uncertainty, Japanese investors tend to repatriate overseas assets back into yen, increasing demand. This safe-haven flow strengthens the yen during risk-off events.

Key drivers include Federal Reserve and Bank of Japan policy decisions, US-Japan interest rate differentials, US employment and inflation data, Japanese economic indicators, and global risk sentiment shifts.

Related Instruments

EUR/USDGBP/USDAUD/USDNZD/USDUSD/CAD

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Trade USD/JPY with STP execution

Access the world's second most traded pair with tight spreads and no manual intervention.

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