Pip Calculator USD/JPY
Using estimated rate
Calculate pip value for USD/JPY
Inputs
Identify pip size
{pipSize} for {pair} ({decimals}-decimal pricing) USD/JPY = 0.01
= 0.01
Apply pip value formula
(0.01 ÷ 149.500) × 1 × 100,000
= 6.69
For USD/JPY pip calculations: USD/JPY uses 2-decimal pricing (0.01 per pip) since JPY is valued in hundreds per unit. This major pair has typical spreads of 0.7-1.2 pips with high liquidity across all sessions.
Frequently Asked Questions
How many decimal places does USD/JPY use for pip calculation?
USD/JPY uses 2-decimal pricing, meaning one pip equals 0.01. This is standard for major pairs where the quote currency is JPY.
What is the pip value for 1 standard lot of USD/JPY?
For 1 standard lot (100,000 units) of USD/JPY, the pip value depends on the current exchange rate. Use this calculator to get the exact value in your account currency.
Why does USD/JPY have different pip decimals than other pairs?
USD/JPY uses 2-decimal pricing because JPY is the quote currency. JPY pairs use 2 decimals, most others use 4, and commodities vary based on the asset.