BTC/JPY: what to know
The BTC/JPY rate shows how much JPY you get for 1 BTC. Right now, 1 BTC buys 10,592,492.44 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.000000 BTC.
In the short term BTC is driven mainly by crypto-market sentiment and liquidity, while JPY responds to Bank of Japan policy and global risk appetite.
The supply is capped at 21 million coins. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the BTC/JPY rate has ranged between 9,521,597.92 and 18,847,031.96 — a change of -39.19% 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.