What is the USD/JPY (US Dollar/Japanese Yen)?

The USD/JPY is the paring of the US dollar against the Japanese yen.
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USD/JPY is the paring of the US dollar against the Japanese yen.

It shows you how many Japanese yen you would need to purchase 1 US dollar. The first currency in the pair is the base currency – so in this case it would be USD. JPY is the second currency, so it is the quote currency.

For example, if the price for USD/JPY is at 113.18 this means it would cost 113.18JPY to purchase 1USD.

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