What is the best broker for USD/JPY trading?
Exness and Axi offer 0.0 pip spreads on USD/JPY via their raw/ECN accounts. For high-frequency traders, Exness's instant execution and tight spreads make it the top choice.
What is the USD/JPY carry trade?
The USD/JPY carry trade involves borrowing yen (low interest rate) to invest in higher-yielding USD assets. This strategy drives significant flows into the pair, especially in risk-on environments.
When is USD/JPY most active?
USD/JPY is active during the Tokyo session (midnight–9am GMT) and peaks during the London/New York sessions. The Tokyo open often sees sharp moves following Asian economic data.