XRP/JPY: what to know
The XRP/JPY rate shows how much JPY you get for 1 XRP. Right now, 1 XRP buys 226.3317 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.004418 XRP.
In the short term XRP is driven mainly by crypto-market sentiment and regulation, while JPY responds to Bank of Japan policy and global risk appetite.
XRP is designed for fast, low-cost payments and cross-border settlement. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the XRP/JPY rate has ranged between 158.0418 and 455.7609 — a change of -45.44% 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.