USD to JPY Exchange Rate

About USD/JPY

The USD/JPY currency pair represents the exchange rate between the US Dollar and the Japanese Yen. Known as "the Gopher," it is one of the most traded forex pairs globally. The pair is heavily influenced by interest rate differentials between the Federal Reserve and Bank of Japan, US-Japan trade relations, risk sentiment, and carry trade dynamics. When markets are volatile, JPY typically strengthens as investors seek safety, while USD/JPY rises during periods of risk appetite and higher US yields.