USD/JPY

The price of one US dollar in Japanese yen.

The fuller meaning

The US dollar quoted in Japanese yen, with the dollar as base and the yen as quote currency. Pairs quoted in yen use a pip of 0.01 rather than 0.0001, a common source of hundredfold sizing errors; both US and Japanese news can move it.

USD/JPY.

Related words

24/7 market · after-hours · Asian session · ask · base currency · bid · bid-ask spread · Bitcoin · BSE · business income