USD/JPY Exchange Rate Today — Live Chart and Analysis

USD/JPY is an exchange rate that specifies how many JPY (Japanese Yen) can be converted into one USD (United States Dollar), therefore the base currency is USD and the price currency is JPY. If this rate declines, it means that JPY appreciates relative to USD and if this rate increases it means that the JPY depreciates against the USD. There are many macroeconomic factors/events (fundamentals) that affect USD/JPY exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between US and Japan, the latter imports 0.044 of US's total exports, whereas US imports 0.22 of Japan's total exports. The largest component of US's exports are machinery, nuclear reactor and boiler products whereas Japan's largest export components are vehicles other than railway, tramway. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.