USDJPY pair.
Trading the Japanese Yen has long been a favorite activity of many traders, and the optimal
trading instrument in this case is the USDJPY currency pair.
It is the combination of the American dollar and the Japanese Yen that allows you to develop an effective Forex trading strategy.
USDJPY is a rather dynamic instrument, the reason for this is the unstable dollar exchange rate and the even more unstable Yen.
Characteristic.
The base currency here is the US dollar, it is in it that the volumes of trade transactions are calculated, one lot in this case is equal to 100,000 US dollars.
Since the pair includes the American dollar, it is notable for its low spread, which rarely exceeds 2 points.
Trade.
USDJPY is popular on almost all trading platforms; special interest in it is shown during the Asian Forex session, which is not very convenient for trading for traders living in Moscow time.
Unless you can catch the morning opening hours of this site. In this case, you should be very careful, especially when opening transactions to sell USDJPY; the Bank of Japan quite often makes foreign exchange interventions to reduce the exchange rate of 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 during interventions most traders play to buy.
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 is significantly reduced.