USD/JPY: what to know
The USD/JPY rate shows how much JPY you get for 1 USD. Right now, 1 USD buys 158.1660 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.00632247 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while JPY responds to Bank of Japan policy and global risk appetite.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Available archived USD/JPY observations within the last 365 days range from 150.4200 to 163.8681, with a +4.23% change from the first to the last available sample. This is not necessarily a full year of observations or an intraday range.
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.