Trading Specifications
Contract Size
100,000
Min Lot Size
0.01
Max Lot Size
50.00
Lot Step
0.01
Digits
3
Margin
1%
Swap Long
6.61 pts
Swap Short
-24.41 pts
USD/JPY is the second most traded currency pair in the world, representing the exchange rate between the US dollar and the Japanese yen. The yen is traditionally considered a safe-haven currency — it tends to strengthen during periods of global risk aversion and weaken when risk appetite returns.
The pair is strongly influenced by the interest rate differential between the US Federal Reserve and the Bank of Japan (BoJ). Japan's historically low interest rates have made USD/JPY a popular instrument for carry trades, where traders borrow in low-yielding yen to invest in higher-yielding assets.
At GCC Brokers, USD/JPY is traded with full STP execution. The pair is most active during the Asian session (00:00–08:00 GMT) and the London–New York overlap. Its clean technical trends and sensitivity to macro events make it a favourite among both fundamental and technical traders.
Common Questions
Related Instruments
Access the world's second most traded pair with tight spreads and no dealing desk.