ETH/JPY: what to know
The ETH/JPY rate shows how much JPY you get for 1 ETH. Right now, 1 ETH buys 307,814.01 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.000003 ETH.
In the short term ETH is driven mainly by network activity and crypto-market sentiment, while JPY responds to Bank of Japan policy and global risk appetite.
Ethereum popularised programmable “smart contracts”. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the ETH/JPY rate has ranged between 253,255.56 and 707,636.45 — a change of -45.12% 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.