BCH/JPY: what to know
The BCH/JPY rate shows how much JPY you get for 1 BCH. Right now, 1 BCH buys 35,284.39 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.000028 BCH.
In the short term BCH is driven mainly by crypto-market sentiment, while JPY responds to Bank of Japan policy and global risk appetite.
Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the BCH/JPY rate has ranged between 30,759.13 and 102,193.79 — a change of -56.72% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.