Thinking of trading USD/JPY?
- 1. The USD/JPY market is often linked to commodities trading in Japan. So, research and analysis are relatively straightforward. In fact, you can look to global imports and exports to gauge market sentiment. 2. Relatively smooth trends and fantastic liquidity makes the USD/JPY pair appealing to both beginners and experienced traders. 3. The USD/JPY ads a special advantage to its traders. The yen carry-trade is when investors borrow yen at a low-interest rate to purchase either U.S. dollars or a currency that pays a high interest rate on its bonds. In June 2018, traders earned a 4.5% profit.
Trading CFDs involves significant risk of loss
How would you like to trade USD/JPY?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade CFDs on Yen to USD with Fondex. Check Yen to USD exchange rate. When you trade the Yen/USD , you are buying the base currency and, consequently, selling the quote currency. In this instance, you are buying USD and selling Yen.
1. BoJ intervention - The BoJ (Bank of Japan) has a habit of intervening in the forex market when price action and movements may threaten economic growth and the Japanese export industry. So, traders must keep abreast of BoJ developments. If not, you may be in for a short, sharp, and expensive surprise. 2. Some of the major influences on the Gopher are the economic strength of their respective economies (when the US economy suffers, the yen is likely to strengthen, and vice versa). 3. Due to its size, any natural disasters can have a substantial effect in the country's economic health. Whilst the US economy is unlikely to be impacted to such a significant extent, natural disasters and fast reaction to them by the trader should be a priority.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'