JPY/LTC: what to know
The JPY/LTC rate shows how much LTC you get for 1 JPY. Right now, 1 JPY buys 0.000125 LTC at the mid-market rate. In the other direction, 1 LTC is worth 8,031.16 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while LTC responds to crypto-market sentiment.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. Litecoin was created in 2011 as the “silver to Bitcoin’s gold”.
Over the past 12 months the JPY/LTC rate has ranged between 0.000052 and 0.000151 — a change of +105.07% 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.