USDJPY Pip Value — Contract Specs & Lot Sizes
One standard lot of USDJPY is 100,000 USD with a pip size of 0.01. Pip value per standard lot: 1,000 JPY.
USDJPY Contract Specifications
| Instrument | USDJPY — US Dollar / Japanese Yen |
| Contract Size (1 standard lot) | 100,000 USD |
| Pip Size | 0.01 |
| Pip Value (1 lot) | 1,000 JPY |
| USD Equivalent | ≈ $6.30 (varies with USD/JPY rate) |
| Minimum Lot | 0.01 |
| Maximum Lot | 100+ (broker-dependent) |
| Typical Spread | 0.0–0.5 pips raw / 0.9–1.6 pips standard |
| Trading Hours | 24/5, Sunday 21:00 – Friday 22:00 GMT |
| Platform Aliases | USD/JPY, Gopher |
USDJPY Pip Value by Lot Size
| Lot Size | Pip Value |
|---|---|
| 0.01 lot | 10.00 JPY |
| 0.10 lot | 100.00 JPY |
| 1.00 lot | 1,000.00 JPY |
| 10.00 lot | 10,000.00 JPY |
Values scale linearly with volume: 0.01 lot = 1% of the 1-lot value, 10 lots = 10×. ≈ $6.30 (varies with USD/JPY rate)
How to Calculate USDJPY Pip Value
Because the quote currency is JPY, the USD value of each pip moves slightly with the JPY/USD exchange rate — ≈ $6.30 (varies with USD/JPY rate). Verify exact contract size in your platform (MT4/MT5 → Market Watch → right-click → Specification).
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Frequently Asked Questions
What is the pip value of USDJPY?
One pip of USDJPY on a 1.00 standard lot is worth 1,000 JPY (≈ $6.30 (varies with USD/JPY rate)).
How do I calculate USDJPY pip value?
Multiply pip size by contract size: 0.01 × 100,000 USD = 1,000 JPY per standard lot.
Does the USDJPY pip value change?
The JPY value is constant, but its USD equivalent shifts slightly with the JPY/USD rate.
What is the contract size of USDJPY?
One standard lot is 100,000 USD. Minimum trade size is 0.01 lots at most brokers.
How many pips does USDJPY move per day?
~90–116 pips on average (August 2026 window) — high volatility among the 35 instruments in our database.
Data compiled 22 August 2026 from IC Markets product specification sheets, Myfxbook live spread/swap/volatility feeds and public education sources (FOREX.com Academy, BabyPips, FXStreet). Spreads, swaps and daily ranges change continuously — values above are representative, not quotes, and vary by broker. Verify everything in your platform's contract specification window. Educational content only — not financial advice. See our Terms.
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