JPY/BCH: what to know
The JPY/BCH rate shows how much BCH you get for 1 JPY. Right now, 1 JPY buys 0.000025 BCH at the mid-market rate. In the other direction, 1 BCH is worth 40,167.56 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while BCH responds to crypto-market sentiment.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions.
Over the past 12 months the JPY/BCH rate has ranged between 0.000010 and 0.000033 — a change of +117.46% 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.