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Forex
USDJPY
US Dollar vs Japanese Yen. The pair most sensitive to interest-rate differentials, which makes its swap unusually large in one direction and unusually attractive in the other. Intervention risk from the Japanese authorities is a real and irregular feature.
0.3 – 0.9 pipsTypical spread
1:500Max leverage
0.01Min lot
100,000 USDContract size
Specification
The numbers that decide your risk
| Category | Forex |
|---|---|
| Contract size | 100,000 USD |
| Digits | 3 (1 pip = 0.01) |
| Value per point | $6.60 per lot per pip (approx) |
| Minimum volume | 0.01 lots |
| Maximum volume | 100 lots |
| Typical spread | 0.3 – 0.9 pips |
| Maximum leverage | 1:500 |
| Trading hours (server) | 00:00 – 23:59 (Mon–Fri) |
| Swap long (per lot) | +9.80 |
| Swap short (per lot) | -15.60 |
Typical values recorded under normal market conditions on a Standard account. Live figures on your account may differ — check the contract specification in your terminal before sizing a position.
Before you trade it
Three things specific to this instrument
- Value per pip is not fixed in dollars here — it moves with the rate itself. Recalculate size, do not reuse it.
- Positive swap on the long side has funded a very large amount of carry positioning; that unwinds violently.
- Watch for verbal and actual intervention around historic highs.
Try it on a demo first
Same spread, same execution, no money at risk while you learn how it moves.