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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.

Questions and Answers

Is there a minimum withdrawal limit?

Yes, the minimum withdrawal amount is 50 USD.

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Glossary

Buy Stop

A pending purchase order placed by the trader in the market to buy at a price higher than the current market price, meaning that he believes that the price will continue on an upward path if It exceeded or penetrated specific resistance areas.

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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.