USDJPY pair.

Trading the Japanese Yen has long been a favorite among many traders, and the USDJPY currency pair is the optimal trading instrument.

The combination of the US dollar and the Japanese Yen allows for the development of an effective Forex trading strategy.

USDJPY is a rather dynamic instrument, the reason for this is the unstable exchange rate of the dollar and the even more unstable Yen.

Characteristics:

The base currency here is the US dollar, which is used to calculate trading volumes; one lot in this case is equal to 100,000 US dollars.

The cost of 1 point is approximately $10 per lot, depending on the current exchange rate.

Since the pair includes the US dollar, it has a low spread, which rarely exceeds 2 pips.

Trade.

USDJPY is popular on virtually all trading platforms, with particular interest during the Asian Forex session, which is not very convenient for traders living on Moscow time.

Unless you can catch the morning trading hours of this platform, you should be very careful, especially when opening short trades on USDJPY. The Bank of Japan frequently intervenes in foreign exchange markets to depress the national currency.

Since the Yen acts as a quoted currency, a decrease in its exchange rate will lead to an increase in the price of the USDJPY currency pair, which is why most traders play a long game during interventions.

If you want to avoid surprises, try to trade on European Forex session, at this time the amount of news from the USA and Japan was significantly reduced.