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