Home/Tools/Pip Value/USD/JPY

USD/JPY Pip Value Calculator

A pip on USD/JPY is 0.01 of the quote price. What that is worth in cash depends on your lot size and account currency. One standard lot is 1,000 JPY per pip — set your lot size below to get the exact value for US Dollar/Japanese Yen.

1 standard lot · 100,0001,000 JPY
1 mini lot · 10,000100 JPY
1 micro lot · 1,00010 JPY

Value of one pip, in the quote currency (JPY). Pip size on USD/JPY = 0.01.

The calculator is loading. If it does not appear, enable JavaScript and reload this page.

Formula: Units = Lots × Contract size; Pip value = Pip size × Units × Exchange rate. Results are an aid, not financial advice.

Know your pip value – now size the trade.Turn the cash value of a USD/JPY pip into the exact lot size your risk budget allows.
Open the Position Size Calculator →

About the USD/JPY pair

  • TypeMajor
  • Base / quoteUS Dollar / Japanese Yen
  • Pip size0.01
  • Typical spread0.3–1.2 pips
  • Most activeTokyo & New York

The classic risk barometer and carry vehicle. Moves on the US–Japan yield gap, BoJ policy and intervention risk, and risk-on/risk-off flows.

How pip value works on USD/JPY

One pip on USD/JPY is a price move of 0.01. Its cash value is not fixed – it scales with how many units of US Dollar you trade. Multiply your lot size by the contract size to get units (a standard lot is 100,000), then multiply the pip size by those units to get the pip value in the quote currency, JPY. If your account is held in JPY that figure is final; otherwise convert it at the JPY→account rate.

Worked example

Trading one standard lot of USD/JPY (100,000 units) makes a single pip worth 1,000 JPY; ten pips are 10,000 JPY. A mini lot (10,000 units) is 100 JPY per pip and a micro lot (1,000 units) is 10 JPY. For an account in another currency, multiply by the JPY→account exchange rate (the calculator does this for you).

Frequently asked questions

What is the pip value of USD/JPY?
On USD/JPY one pip is 0.01 because yen pairs are quoted to two decimals. One standard lot is worth 1,000 JPY per pip.
How do I convert the USD/JPY pip value to my account currency?
If your account currency is JPY, no conversion is needed. Otherwise multiply the quote-currency pip value by the rate that turns one unit of JPY into your account currency – enter that rate in the calculator above and it does the conversion.
Is USD/JPY a major or a cross pair?
USD/JPY is classed as a Major pair (US Dollar against Japanese Yen). Typical spreads run around 0.3–1.2 pips and it is most active during the Tokyo & New York.

← All currency pairs · All forex tools

Jarosław Wasiński

Jarosław Wasiński

Editor-in-chief, ForexMechanics.com • Macro & FX analyst

Independent analyst and practitioner with over 20 years of experience in financial markets. Actively involved in Forex since 2007, with a focus on fundamental analysis, OTC market structure, and disciplined capital risk management.

  • Creator and editor-in-chief of MyBank.pl, providing reliable financial education since 2004.
  • Author of hundreds of in-depth market commentaries, structural analyses, and educational materials for traders and investors.
  • Advocate for market transparency, promoting education grounded in hard data and institutional reports (BIS, ESMA, CFTC).

All content is educational and informational only – it does not constitute investment advice or a recommendation. Remember: leveraged trading (Forex/CFD) carries a high risk of rapid capital loss.