Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Base Currency: USD
Quote Currency: JPY
Group: Major Currency PairThe USD,is the acronym for the American Dollar; it is also called "Greenback" or "Buck". The Federal Reserve System (FRS) issues this currency. The USD a reserve currency that the market, central banks, and investors strongly vie for. The US Dollar is seen as a “safe haven" asset. This is the case as despite challenging economic times, the U.S. economy remains stable. The JPY stands for Japanese Yen. In trading operations, the JPY closes the 3 most important currencies in the world market. Logically, the Japanese Bank issues the JPY. Given that Japan boasts of a strong economy, the country experiences minimal inflation. As a result, the Yen is considered as a “safe haven” currency. The JPY has a low price range, making the currency bear lower rates. In the Asian Market, the JPY is a frequent bidder.
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