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About USDJPY
USDJPY tracks the United States Dollar / Japanese Yen (USD/JPY) spot exchange rate. Price of 1 USD in JPY. The Japanese yen is the official currency of Japan. The conventional market notation is the number of yen per US dollar. It is an independent, free-floating currency.
JPY aggregates listings across every venue CoinBeaver tracks. Prices blend synthetic perpetual markets and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: FX.
Frequently Asked Questions
- Does trading JPY give me actual yen or dollars I can withdraw?
- No. JPY is a synthetic perpetual with no delivery mechanism — no actual currency changes hands. It gives price exposure to the USD/JPY exchange rate only; positions are opened, margined, and settled in USDC.
- Does the USD/JPY market ever close, the way a stock exchange does?
- The global spot FX market for USD/JPY trades nearly continuously across international trading centers on business days, with only brief weekend gaps. JPY's perpetual, by contrast, trades 24/7's decentralized exchange, including through those weekend gaps in the underlying spot market.
- How is JPY different from other names, like EUR?
- JPY (USD/JPY) is quoted as the number of yen per U.S. dollar — the dollar is the base currency. EUR (EUR/USD), by contrast, is quoted as the number of dollars per euro — the euro is the base currency. The two pairs use opposite quoting conventions.
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