0.01 (the second decimal place — yen pairs quote to two or three decimals, not four).
1,000 yen per pip on a standard lot; in dollars that floats with the exchange rate (roughly $6–7 at typical rates). Your broker's specification and current rate decide the exact figure.
Roughly Sunday 22:00 UTC to Friday 21:00 UTC (24/5), per your broker's calendar.
Unusual among majors: genuinely active in both Tokyo (00:00–08:00 UTC) and New York hours, with US data producing the largest moves.
USDJPY is the second most traded pair and the one where quoting conventions trip people up: a pip is 0.01, not 0.0001, and its dollar value floats with the rate itself. Any position-size calculation copied from a EURUSD example will be wrong here — this is exactly the kind of instrument-specific detail worth automating against broker data rather than assuming.
The pair is driven by the interest-rate gap between the US and Japan, which also makes it a barometer of global risk appetite: the yen has historically strengthened when markets panic and weakened when they calm.
How USDJPY behaves
- Two active windows per day — Tokyo and New York — rather than one; London matters less than for European pairs.
- Sensitive to US Treasury yields: yield moves often lead USDJPY moves.
- When the yen weakens far and fast, Japan's Ministry of Finance has a history of stepping in — intervention produces multi-hundred-pip candles with no warning.
Risk notes for USDJPY
- Intervention risk is the defining tail risk: stops must be real (placed with the broker), not mental, because moves can be too fast to react to.
- Pip-value math differs from euro/pound pairs; sizing formulas must use the yen convention.
- Carry-driven trends can run far beyond what chart logic suggests — fading them has ended many accounts.
Whatever the instrument, the sizing method is the same: place the stop where the trade idea is invalid, then size the position so that stop costs a fixed fraction of the account. Our position size calculator does that math, and the stop-loss and risk–reward guide explains why the order of operations matters.
USDJPY — frequently asked questions
Why is a USDJPY pip 0.01 instead of 0.0001?
Because the yen's unit value is small, yen pairs are quoted to two or three decimal places rather than four or five. The pip sits at the second decimal — a move from 155.00 to 155.01 is one pip.
What is the best session for USDJPY?
It has two: Tokyo hours (00:00–08:00 UTC) where Japanese flows dominate, and the New York session where US data and yields drive it. The largest single moves usually come on US releases.
How much is a USDJPY pip worth?
1,000 yen per standard lot. Converted to dollars that varies with the rate itself — around $6–7 per pip at typical rates. Position sizing should always compute it from the live rate, which is how RezSync Algo does it via broker data.
Reference information, not financial advice. Contract sizes, pip values, hours, and spreads vary by broker — your broker's specification is authoritative, and RezSync Algo always reads these values live from the broker rather than assuming them. Trading involves substantial risk of loss; forward-test on a demo account before any live decision.
Trade USDJPY with the math enforced
RezSync Algo reads USDJPY's real contract data from your cTrader broker, sizes positions stop-first, and runs AI trade review inside hard risk guardrails — demo-first, live strictly opt-in.