Market profile
USD/JPY
How the dollar-yen trades: the size of a normal day in pips, the hours that move most, and the markets that move with it.
250 trading days · 17 Nov 2025 to 3 Nov 2026
Free plan · Sign in with MT4 or MT5 · Windows 10 and 11
Average daily range, 20 days
80.5 pips
0.51% of price
Average daily range, 250 days
102.9 pips
0.65% of price
Most active hours
13:00–16:00
UTC
Moves most with
GBP/JPY
+0.67
When USD/JPY moves
The average range of each hour, in UTC. Shaded bands mark the main sessions.
Most active
13:00 to 16:00 UTC. The average hour moves 25.3 pips.
Quietest
21:00 UTC. The average hour moves 10.5 pips.
Around the clock
Currency pairs trade from Monday to Friday without a daily pause. Spreads widen at the rollover, 21:00 or 22:00 UTC.
Mark these hours on your own chart
The average daily range and the London and New York opening ranges, drawn on your USD/JPY chart in one click. Included on the free plan.
How big a day is
Average daily range, by month and by weekday, over the last twelve months.
What the average daily range tells you→By month
By weekday
What moves with USD/JPY
Correlation of daily returns over the last 250 trading days. +1 moves together. −1 moves opposite.
Trade USD/JPY with the analysis on your chart
- Included on the free plan
- Sign in with your MT4 or MT5 account
- AI forecast, structure analysis and key levels on USD/JPY
In Arka Terminal
AI trend forecast on USD/JPY
Direction, target and stop on the chart's timeframe, with the projected path drawn on the bars.
AI quant signal on USD/JPY
Buy and sell signals on the 1-hour chart, confirmed at candle close, with the full track record.
USD/JPY signal track record→What drives USD/JPY
The rate gap
The gap between US and Japanese yields drives the pair.
The Bank of Japan
Policy changes and intervention warnings can move the yen sharply.
Risk appetite
The yen tends to strengthen when markets sell off.
The Tokyo fix
Japanese exporters and importers trade around the 00:55 UTC fixing.
Measured on hourly price history over the last year. Past ranges do not predict future ones.
Questions
What is USD/JPY?
The price of one US dollar in Japanese yen. A pip is 0.01.
How much does USD/JPY move in a day?
Over the last 250 trading days, the average daily range of USD/JPY was 102.9 pips, or 0.65% of price. Over the last 20 days it was 80.5 pips.
What is the best time to trade USD/JPY?
The busiest hours are 13:00–16:00 UTC. The quietest hour is 21:00 UTC.
What moves with USD/JPY?
GBP/JPY has the strongest link, with a correlation of +0.67 over the last 250 trading days.
How does Arka analyse USD/JPY?
Sign in with an MT4 or MT5 account and Arka Terminal draws the AI trend forecast and structure analysis on your USD/JPY chart. USD/JPY also carries an AI quant signal on the 1-hour chart.
The terminal built for a new generation of traders
Available for Windows 10 and Windows 11
