USDJPY ANALYSIS
The United States Dollar against the Japanese Yen ($/¥) –Nickname ‘The Yen’
|
CENTRAL BANK |
FED |
BoJ |
|
FOREIGN CURRENCY RESERVES |
41.901 Million USD |
1.199.000 Million USD |
◙ USDJPY Preface:
USDJPY is a very dynamic Forex pair that trades within straightforward long-term cycles. USDJPY is one of the three most liquid Forex pairs worldwide along with EURUSD and GBPUSD. Note that the Bank of Japan holds massive Foreign Currency Reserves worth about 1.2 trillion USD.
◙ USDJPY Monthly Statistics:
These are the monthly average returns of USDJPY based on 15 years of daily data.
|
CALENDAR MONTH |
AVERAGE MONTHLY RETURNS |
TIMES (↑) |
TIMES (↓) |
AVERAGE DAILY VOLATILITY |
|
JANUARY |
0.34% |
9 |
6 |
0.905% |
|
FEBRUARY |
0.80% |
8 |
7 |
0.865% |
|
MARCH |
0.98% |
10 |
5 |
0.971% |
|
APRIL |
0.12% |
6 |
9 |
0.879% |
|
MAY |
-0.57% |
5 |
10 |
0.884% |
|
JUNE |
0.11% |
8 |
7 |
0.821% |
|
JULY |
-0.27% |
9 |
6 |
0.784% |
|
AUGUST |
-1.29% |
5 |
10 |
0.813% |
|
SEPTEMBER |
0.11% |
8 |
7 |
0.848% |
|
OCTOBER |
-0.61% |
7 |
8 |
0.846% |
|
NOVEMBER |
0.45% |
8 |
7 |
0.817% |
|
DECEMBER |
1.11% |
9 |
6 |
0.782% |
◙ Best Months to Trade the USDJPY:
(↑)-LONG TRADES
According to data during 2000-2014 the best months to go long on USDJPY are:
→ DECEMBER, with positive average returns +1.11%
→ MARCH, with positive average returns +0.98%
→ FEBRUARY, with positive average returns +0.80%
(↓)-SHORT TRADES
According to 2000-2014 data the best months to go short on USDJPY are:
→ AUGUST, with negative average returns -1.29%
→ OCTOBER, with negative average returns -0.61%
→ MAY, with negative average returns -0.57%
◙ USDJPY Monthly Statistics Chart:
This is the USDJPY Monthly Performance Chart.
Chart: USDJPY Average Returns (%) per Calendar Month
◙ Most Volatile Days of the Week to Trade the USDJPY
These are the most volatile days to trade USDJPY based on the average pip range of each day of the week.
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
65 pips |
80 pips |
90 pips |
125 pips |
100 pips |
◙ Best Intraday Times to Trade the USDJPY:
In general, the best time to trade USDJPY is during the Asian session but also during the late US session.
◙ Forex Brokers and USDJPY Trading
These are some USDJPY Forex Brokers.
|
FOREX BROKER |
USDJPY SPREADS |
PLATFORMS |
ACCOUNT |
INFORMATION |
|
REGULATED BY: ASIC (Australia) US TRADERS: NO |
USDJPY SPREADS:
0.6 pip on Raw Spread Account & $7 per lot commissions 1.6 pip on Standard Account without trading commissions |
□ MetaTrader-4 □ MetaTrader-5 □ IRESS Trader SCALPING: YES FREE VPS: YES PAMM ACCOUNT: YES |
$100 Minimum Deposit Amount 30:1 Max Leverage |
WEB-SITE: REVIEW: ► Review |
|
» LQDFX REGULATED: (N/A) US TRADERS: NO |
USDJPY SPREADS: 1.4 pip typical with commissions |
□ MetaTrader-4 SCALPING: YES FREE VPS: NO PAMM ACCOUNT: NO |
$20 Minimum Deposit Amount 500:1 Max Leverage |
WEB-SITE: REVIEW: |
PAIRS: » GBPUSD | » EURUSD | » USDCAD | » EURGBP | » EURJPY | » AUDUSD | » NZDUSD
◙ USDJPY ANALYSIS
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