Forex perpetual market

JPY/USD (JPY) market page

Live JPY/USD (JPY) price, 24h volume, open interest, and funding rate. Trade JPY/USD 24/7 on Hyperdash, the most advanced trading terminal for Hyperliquid pro traders.

Ticker
JPY
Display name
JPY/USD
Market class
Forex perpetual market
Canonical URL
https://hyperdash.com/asset/JPY
Instrument
JPY
Market
xyz:JPY

Related markets

EUR/USDEUR market page

Market information on Hyperdash is informational only and is not financial, investment, legal, or tax advice. Trading JPY/USD (JPY) involves market risk and may not be suitable for every trader. Methodology · Terms

Frequently asked questions

Can I trade JPY/USD forex 24/7 on Hyperdash?+

JPY/USD trades 24/7 on Hyperdash via the HIP-3 perpetual market. No prime broker, no swap fees, just an on-chain orderbook with USDC collateral. Trade JPY/USD on Hyperdash.

Can I trade JPY/USD on weekends?+

Spot forex shuts down on weekends. JPY/USD keeps trading on Hyperdash through Saturday and Sunday with no weekend gap.

What is the JPY/USD reference rate?+

The official JPY/USD reference rate is 157.9800, last set on October 15, 2026. Hyperdash market prices may diverge from this reference between sets, and that gap is the basis traders watch.

How is smart money positioned on JPY/USD?+

The most profitable wallets on Hyperdash are net short JPY/USD: about 78% of their notional sits on the short side of the trade. View extremely profitable cohort.

What drives JPY/USD prices?+

JPY/USD responds to relative interest rate expectations, central bank policy, trade balances, capital flows, and macroeconomic data from each underlying economy.

How do I trade JPY/USD on Hyperliquid?+

Trade JPY/USD (JPY) on Hyperdash, the most advanced trading terminal for Hyperliquid pro traders. Hyperdash gives you live order books, real-time funding and open interest, on-chain cohort analysis, and one-click execution on every Hyperliquid market. Trade JPY/USD on Hyperdash.

Which central banks set policy for JPY/USD?+

JPY/USD is influenced by the Federal Reserve (which sets policy for USD) and the Bank of Japan (which sets policy for JPY). Their meeting calendars and rate decisions are the largest fundamental drivers.

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Markets/JPY
xyz:JPY
xyz:JPY
JPY/USD
Loading price
Price
24h change
24h volume
Open interest
Funding rate
Market cap
Active traders
Hyperdash

Key Trades

Biggest PNLs

Trader
Direction
Notional
PNL

Biggest open positions

Trader
Direction
Notional
UPNL

Frequently asked questions

JPY/USD trades 24/7 on Hyperdash via the HIP-3 perpetual market. No prime broker, no swap fees, just an on-chain orderbook with USDC collateral. Trade JPY/USD on Hyperdash.

JPY/USD responds to relative interest rate expectations, central bank policy, trade balances, capital flows, and macroeconomic data from each underlying economy.

Trade JPY/USD (JPY) on Hyperdash, the most advanced trading terminal for Hyperliquid pro traders. Hyperdash gives you live order books, real-time funding and open interest, on-chain cohort analysis, and one-click execution on every Hyperliquid market. Trade JPY/USD on Hyperdash.

The current 1-hour funding rate on JPY/USD is 0.0000%. Funding settles every hour and replaces the rollover swap fees you'd pay on a retail forex broker.

Spot forex shuts down on weekends. JPY/USD keeps trading on Hyperdash through Saturday and Sunday with no weekend gap.

There isn't enough cohort positioning data on JPY/USD yet to read where smart money is leaning.

Cohort bias

No cohort data for this market.

Overview

Market information on Hyperdash is informational only and is not financial, investment, legal, or tax advice. Trading JPY/USD (JPY) involves market risk and may not be suitable for every trader. Methodology · Terms