JPY/USD Exchange Rate

Yen per US Dollar (FRED DEXJPUS, daily). Higher = JPY weaker. Combined with fed-boj-spread for the full carry-trade-returns-proxy calculation.

Category: macro. Macro economic indicators track monetary policy, liquidity conditions, and traditional market positioning. Changes in these metrics often lead Bitcoin price moves by days or weeks.

API: GET /api/metrics/jpy-usd

Used in briefings: FX Overview, FX Japanese Yen, FX Momentum

View all metrics | Browse briefings