JPY/XPD: what to know
The JPY/XPD rate shows how much XPD you get for 1 JPY. Right now, 1 JPY buys 0.000005 XPD at the mid-market rate. In the other direction, 1 XPD is worth 204,551.52 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while XPD responds to auto demand and tight supply.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. Palladium is used mainly in petrol-engine catalytic converters.
Over the past 12 months the JPY/XPD rate has ranged between 0.000003 and 0.000006 — a change of -13.79% versus a year ago.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.