major pair · USD/JPY
US Dollar to Japanese Yen: the daily ECB reference rate, a historical chart, pair specification and what drives each currency.
158.250
-0.040 (-0.03%)
1 USD = 158.250 JPY · 1 JPY = 0.00632 USD · previous 158.290 on 3 Nov 2026
USD/JPY ECB reference rate, 4 Nov 2025 to 4 Nov 2026: from 153.500 to 158.250 (up 3.09%). High 163.910 on 28 Jul 2026, low 152.630 on 28 Jan 2026.
256 daily observations · 4 Nov 2025 – 4 Nov 2026
Latest rate within the 12-month range
The latest rate sits at 50% of the 12-month low-to-high range.
Calculated from daily ECB reference rates — closing-type snapshots, not intraday highs and lows.
Understanding the pair
In USD/JPY the US Dollar is the base currency and the Japanese Yen is the quote currency. The rate tells you how many JPY one USD buys, so a rising USD/JPY means the US Dollar is strengthening against the Japanese Yen.
USD/JPY is a major pair: it combines the US dollar with another heavily traded currency, which usually means deep liquidity and some of the tightest spreads in the market.
Prices are quoted to 3 decimal places here. One pip is 0.01, so on a standard lot of 100,000 USD a one-pip move is worth 1,000 JPY — use the pip calculator to convert that into your account currency.
Liquidity in USD/JPY is usually deepest when both home markets are open — the New York (08:00–17:00 New York time) and Tokyo (09:00–18:00 Tokyo time) sessions. See live session times on the market hours clock.
The world's main reserve and invoicing currency. The BIS 2022 Triennial Survey found the dollar on one side of about 88% of all FX trades, so US interest-rate expectations and risk sentiment ripple through almost every pair.
Central bank: Federal Reserve
Decades of very low Japanese interest rates made the yen a common funding currency in carry trades, and it often strengthens when global risk appetite falls. JPY pairs are quoted to two or three decimals, so a pip is 0.01.
Central bank: Bank of Japan
USD/JPY shows how many Japanese Yen (JPY) one US Dollar (USD) buys. USD is the base currency and JPY is the quote currency. If the rate rises, the US Dollar has strengthened against the Japanese Yen.
No. It is derived from the euro foreign exchange reference rates published by the European Central Bank once per working day around 16:00 CET. It is useful for reference, budgeting and calculator inputs, but it is not an executable trading quote — a broker's bid and ask will differ.
By convention one pip in USD/JPY is 0.01 because the pair is quoted in JPY. On a standard lot of 100,000 USD, a one-pip move is worth 1,000 JPY. Brokers may quote an extra decimal (a pipette).
Liquidity is typically deepest when both home markets are open: the New York (08:00–17:00 New York time) and Tokyo (09:00–18:00 Tokyo time) sessions, and especially where they overlap.
Educational information only, not investment advice. Trading leveraged currency products carries a high risk of losing money.