S. dollar currency pair, but it is only receiving a 75 percent rate of return, it might be more profitable for you to trade the U.S. dollar /
Japanese yen pair at 82 percent.
Not exact matches
BTC trading with the USD has dropped significantly since last week as the
Japanese yen now commands the top currency
pair position.
For instance; a trader who believes the US dollar will increase in value against the
Japanese yen would buy lots of the currency
pair USD / JPY, which denotes the dollar -
yen ratio.
First, we need to find the value of CHF 50 in
Japanese yen, and since the account is the same denomination as the conversion
pair's base currency, all we have to do is multiply the amount risked by CHF / JPY exchange rate (85.00):
When you trading
Yen related
pair, focus on the
Japanese trade balance.
For example; the
pair CHF / JPY, worth 84.50 which would mean that one Swiss franc is equal to 84.50
Japanese yen.
The Canadian Dollar has been appreciating against the
Japanese Yen after the
pair reverse from the lower boundary of a dominant ascending channel May 8.
The U.S. dollar may be gaining against the euro, but at the same time, in a different
pair, be falling to the
Japanese yen.
Also I have been watching the
Japanese Yen Cash (J6Y00) futures chart and it has really helped with direction on the spot price for the
Yen pairs.
Currencies are traded in
pairs, like the US dollar and the Euro (USD / EUR) or the US dollar and
Japanese yen (USD / JPY); the value of a currency is determined by its comparison to another currency.
The most heavily traded forex
pairs are: EUR / USD, USD / JPY, GBP / USD, and USD / CHF, which are the euro,
Japanese yen, British pound, and Swiss franc rates versus the US dollar.
Bitfinex, the popular bitcoin and cryptocurrency exchange company today announced a fiat expansion that will see the addition of a number of new crypto - fiat trading
pairs, as well as the enabling of deposits and withdrawals in
Japanese Yen and British Pound Sterling.
According to Cryptocompare, more than a half of bitcoin trading volume in
pairs with fiat accounts for the
Japanese yen (57 %).
The
pair bitcoin /
Japanese yen accounts for more than 57 % of the 24 - hour trading volume, the US dollar accounts for 29 %, and the trading volume of bitcoin in
pair with the Korean won stands at 9 %.
According to CryptoCompare, within the last 24 hours, the
pair bitcoin /
Japanese Yen was the most popular, accounting for about 46 % of total trading volume on par to currencies, while the
pair bitcoin / US dollar accounted for less than 27 %.
Besides, Kraken is the only exchange that offers ether trading in multiple
pairs between ether and one of the following currencies: bitcoin, euro, US dollar, Canadian dollar, British pound and
Japanese yen.
The Swiss Franc /
Japanese Yen (CHF / JPY)
pair started running out of bullish steam in June 2015 when it generated a lower high of 134.61.