US Dollar / Japanese Yen
USD/JPY Pip Value
A major pair heavily influenced by US–Japan interest rate differentials.
- Base currency
- USD
- Quote currency
- JPY
- Pip size
- 0.01
- Pip value (standard lot)
- Depends on the current rate — see calculator
How USD/JPY pip value works
pip value (quote currency) = pip size × units traded. USD/JPY is JPY-quoted, so pip size is 0.01.
Because the quote currency is JPY (not USD), pip value must be converted at the current JPY/USD rate — enter that rate in the pip value calculator.
Frequently asked questions
- What is the pip size for USDJPY?
- 0.01 — JPY-quoted pairs use 0.01.
- What is the pip value for USDJPY?
- Pip value depends on the current JPY/JPY rate since the quote currency (JPY) isn't USD — use the pip value calculator with today's rate for an exact figure.
- What does USDJPY mean?
- US Dollar / Japanese Yen: the base currency is USD and the quote (counter) currency is JPY. The price shows how many JPY it takes to buy 1 USD.
- What is USDJPY known for?
- A major pair heavily influenced by US–Japan interest rate differentials.
- How do I size a position on USDJPY?
- Use the lot size calculator with your account risk % and stop-loss in pips — it applies this pair's pip size automatically.
Reference last reviewed 2026-06-01. Pip size and quote/base currency conventions rarely change, but always confirm against your broker's contract specs.