USD / JPY is a major currency pair that many people trade. It is also said to be a currency for Forex beginners. It does not move extremely like the pound, but moves steadily. Therefore, it is a currency pair that can be recommended from beginners to advanced players. It is a currency pair that boasts the second largest trading volume in the world, and the Japanese yen is very stable, so there is a sense of security. It is also a recommended currency pair for scalping, day trading and swing trading.
Recommended for beginners to advanced users. Since extreme price movements are unlikely to occur, it is unlikely that all funds will disappear with one shot. Conversely, it tends to be difficult to get a large price range, so if you want to get a large price range with one shot, we recommend pound yen or euro yen.
USD / JPY rarely moves suddenly. Even if it moves, the movement to return is strong, so it is very stable. The Japanese yen moves in Asian time. The US dollar is a currency pair with 24-hour price movements because it moves in US time.
Economic indicators to watch out for
As an economic indicator, the economic indicators on the Japanese side are at a level where you do not have to worry too much. Even if it moves, is it about the Bank of Japan’s policy rate, GDP, and unemployment rate?
Rather, the US economic indicators are more influential and are affected by all currency pairs, so let’s take a closer look. The US dollar is a key currency, and it is a currency that moves not only as an economic indicator but also during politics and war. It will move the market as a whole, so always be careful.
When Japanese Yen is bought
Japan is also said to be a country whose nationality cannot change. Since it is such a country, it often fluctuates for external reasons rather than the influence of economic indicators. The timing of yen buying is very advanced when the world situation becomes unstable such as infectious diseases, financial shocks, and wars.
Other influential indicators
US Treasuries (10 years, 30 years), Nikkei Stock Average, crude oil prices, etc. will also have an effect. Also, in the case of the United States, as it is called the police of the world, it is very sensitive to the influence of world affairs. Please note that some economic sanctions and military activities can move the dollar significantly.
Recommended trading style in dollar yen
Scalping, day trading, and swing trading are all very compatible. However, the disadvantage is that it is difficult to take a very large price range. It is a drawback because it has a sense of stability, but conversely, the loss can be reduced