JPY/ETH: what to know
The JPY/ETH rate shows how much ETH you get for 1 JPY. Right now, 1 JPY buys 0.00000259902 ETH at the mid-market rate. In the other direction, 1 ETH is worth 384,759.81 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while ETH responds to network activity and crypto-market sentiment.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. Ethereum popularised programmable “smart contracts”.
Over the past 12 months the JPY/ETH rate has ranged between 0.00000141316 and 0.00000394858 — a change of +80.43% 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.