About this pair
XPD/JPY: what to know
The XPD/JPY rate shows how much JPY you get for 1 XPD. Right now, 1 XPD buys 200,074.80 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.00000499813 XPD.
In the short term XPD is driven mainly by auto demand and tight supply, while JPY responds to Bank of Japan policy and global risk appetite.
Palladium is used mainly in petrol-engine catalytic converters. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
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.