Trading the ​​​​​​​USDJPY Forex Pair

Submitted by currenciesfx on Fri, 04/15/2022 - 15:00
Trading the ​​​​​​​USDJPY Forex Pair

USDJPY is a volatile and liquid Forex pair when measured on a daily and intraday basis. USDJPY, along with EURUSD and GBPUSD, offers the lowest trading spreads in the Foreign Exchange market. USDJPY accounts for 21.8% of the total Foreign Exchange market volume. Note, that the Japanese Yen weighs 13.6% of the US Dollar Index.

USDJPY TRADING

  • Best Time to Trade USDJPY: during the Asian session, but also during the late US session
  • Best Months to go Long on USDJPY:  MARCH
  • Best Months to go Short on USDJPY:  AUGUST
  • USDJPY Positive Correlations: US Stock Market | GBPCHF

USDJPY STATISTICS

Important statistics regarding USDJPY.

Table: USDJPY statistics

USDJPY AVERAGE MONTHLY STATISTICS
 (JANUARY 2000 - SEPTEMBER 2018)
MONTH MONTHLY RETURNS BULLS      TIMES (↑) BEARS    TIMES (↓) VOLATILITY MOMENTUM  (ΔMP)
 (1) JANUARY -0.13% 10 9 0.90% 0.24%
 (2) FEBRUARY 0.25% 10 9 0.86% 0.29%
 (3) MARCH 0.51% 12 7 0.91% 0.93%
 (4) APRIL 0.05% 9 10 0.83% 0.11%
 (5) MAY -0.09% 7 12 0.83% 0.52%
 (6) JUNE -0.22% 10 9 0.81% 0.26%
 (7) JULY -0.22% 11 8 0.77% 0.36%
 (8) AUGUST -1.13% 6 13 0.79% -0.13%
 (9) SEPTEMBER 0.25% 11 8 0.81% 0.45%
(10) OCTOBER -0.20% 10 8 0.80% 0.72%
(11) NOVEMBER 0.89% 10 8 0.80% 0.52%
(12) DECEMBER 0.91% 11 7 0.75% 0.75%

Source: CurrenciesFx.com (G.P.)

USDJPY TRADING

USDJPY trading conditions.

USDJPY TRADING ROBOFOREX LQDFX IC MARKETS
MINIMUM TRADING SPREAD 0.1 pip 1.1 pip 0.1 pip
TRADING COMMISSIONS $4.0 / ROUNDED LOT NO $7.0 / ROUNDED LOT
PLATFORMS MT4 / MT5 / cTrader / R Stocks Trader MT4 MT4 / MT5 / cTrader
AUTOMATED TRADING YES YES YES | FIX/API
PAMM ACCOUNTS YES YES YES
TRADING LEVERAGE 30:1 (EU) to 500:1 30:1 (EU) to 500:1 30:1
ORDER EXECUTION MODEL ECN STP ECN/STP
MINIMUM DEPOSIT & FUNDING OPTIONS
  • $10 for Cent Accounts & $5,000 for Prime Accounts
  • Wire, Cards, Neteller, Skrill, WebMoney, PerfectMoney
  • $20
  • Wire, Cards, Neteller, Skrill, FasaPay, UnionPay, UPaid
  • $200 FOR MT4/MT5
  • $1,000 for cTrader
  • Wire, Cards, Neteller, Skrill, WebMoney
REGULATION
  • IFSC
  • NO
  • ASIC (Australia)
PROMOTIONS
  • FREE VPS
  • TRADING CONTESTS
  • WELCOME BONUSES
  • 100% Cash Bonus (excluding PAMM)
  • Up to 20,000 USD
  • FREE VPS
WEB PAGE » ROBOFOREX » LQDFX » IC MARKETS

 

MORE FOREX PAIRS

at CurrenciesFx.com

» EURUSD » GBPUSD » USD/CAD » AUD/USD » NZD/USD » USD/CHF

 

 USDJPY

Researched and Edited by G. P. for CurrenciesFx.com (c)