Everything You Need to Know About the USDJPY
The USDJPY is one of the four major global currency pairs. The US Dollar and the Japanese Yen are two of the strongest currencies in the global economy, backed by the US and Japanese governments. The pair averages approximately 17% of total daily trading volume. Much of Japan’s export business is targeted to the United States, further strengthening the economies of both countries. Japan has numerous investments and interests overseas, connecting it with other markets. World events such as the US Presidential elections and natural disasters like the 2011 Japan tsunami can affect the USDJPY pair, along with financial reports, such as the Bank of Japan’s monthly Monetary Policy Statement or US Federal Reserve announcements.