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The USD/JPY currency pair specifies how many Japanese Yen are needed to purchase 1 U.S. Dollar. In other words, the value of this currency pair is quoted as 1 U.S. Dollar per x Japanese Yen.
Trading the USD/JPY currency pair is also known as trading the "ninja". Some sources will also refer to USD/JPY as the gopher, though this is more commonly the name given to the GBP/JPY pair.
Categories: Currency Pairs | Topic