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General Information

USDJPY

Another well-liked currency combination on the foreign exchange market is USD/JPY. It depicts how much the US dollar is worth compared to the Japanese yen. The US dollar is the currency of the United States, whereas the Japanese yen is the one used in Japan.

The tight economic ties between the US and Japan account for the USDJPY’s significance in the trading community. Economic developments in one nation might have a big influence on the other because they are two of the biggest economies in the world. This makes USDJPY a well-liked currency pair for traders wanting to profit from these economic developments and exchange rate movements.

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The company does not charge any deposit and withdrawal fees.

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Glossary

Leverage

It is the financial leverage provided by the broker to increase the purchasing power of the trader by giving him the possibility of depositing a small amount of money and trading in larger volumes. Leverage is expressed in the form of a percentage, where if it is 1:100, for example, the purchasing power of the trader is increased 100 times.

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.