USD/JPY

Trade USDJPY with a prop firm

USDJPY follows the gap between US and Japanese yields and is sensitive to Bank of Japan decisions and risk sentiment. It trends cleanly and is popular for both intraday and swing trading. Pass a challenge and trade USDJPY on a funded account, keeping 90% of the profits, paid in USDT.

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Key facts

Updated 1 October 2026

At Axora Funded you can trade USDJPY on a funded account of up to $200,000 (from $39).
Value of 1 pip on USDJPY: $6.35 per standard lot (100,000 units).
Maximum leverage on USDJPY: 1:100.
Current USDJPY spread: 1.2 pips (variable).
Axora Funded is a prop firm with its own trading platform.
Accounts from $5,000 to $200,000; the cheapest challenge costs $39 (one-time fee).
Profit split: 90% to the trader on the funded account.
Payouts in USDT (TRC20, ERC20 or BEP20), from 50 USDT, after identity verification.
Programmes: 2-Step (from $39), 1-Step (from $49) and Futures (from $99).
Markets: forex, gold, US indices, 11 crypto pairs 24/7 and CME futures.

1:100 leverage

Margin per standard lot shown live on the platform.

$6.35 per pip

For one standard lot of 100,000 units.

Live prices

Real-time bid and ask on our platform.

$3.50 / lot

Commission per lot per side.

USDJPY

US Dollar vs Japanese Yen

Live

—

Spread

—

Leverage

1:100

Hours

24/5

Other instruments

EURUSD GBPUSD AUDUSD USDCAD

USDJPY contract specifications

Symbol	USDJPY
Contract size	100,000 units per lot
Tick size	0.001
Value of 1 pip	$6.35 / lot
Max leverage	1:100
Margin per lot (approx.)	$1,000
Commission	$3.50 / lot / side
Volume	0.01 – 50 (step 0.01)

USDJPY position size by account

1% risk per trade with a 0.3 price stop.

Account	1% risk	Lots	Actual risk
$5,000	$50	0.26	$50
$10,000	$100	0.52	$99
$25,000	$250	1.31	$249
$50,000	$500	2.62	$499
$100,000	$1,000	5.25	$1,000
$200,000	$2,000	10.5	$1,999

2-Step Challenge: prices and rules

Target 10% + 5% · daily loss 4% · max loss 8% · consistency 50%

Account	Price	Phase 1 target	Daily loss	Max loss
$5,000	$39	$500	$200	$400	Choose
$10,000	$59	$1,000	$400	$800	Choose
$25,000	$139	$2,500	$1,000	$2,000	Choose
$50,000	$249	$5,000	$2,000	$4,000	Choose
$100,000	$499	$10,000	$4,000	$8,000	Choose
$200,000	$949	$20,000	$8,000	$16,000	Choose

About USDJPY

USDJPY follows the gap between US and Japanese yields and is sensitive to Bank of Japan decisions and risk sentiment. It trends cleanly and is popular for both intraday and swing trading.

Active in the Tokyo session and again at the New York open; US Treasury yields and BoJ announcements drive the biggest moves.

How to size a USDJPY position

Position size = risk in dollars ÷ (stop distance × value per unit). Example on a $100,000 account risking 1% ($1,000) with a 30 pips stop: 5.25 lots, which risks about $1,000.

The order panel has a built-in risk calculator: enter your % risk and your stop loss and it sizes the position for you.

Which challenge to trade USDJPY?

2-Step challenge (10% + 5% targets, 4% daily and 8% maximum loss) or the faster 1-Step challenge (one 10% target).

USDJPY trading hours

24 hours a day, Sunday 22:00 to Friday 21:00 UTC.

Frequently asked questions

What is the pip value of USDJPY?

$6.35 per standard lot (100,000 units). For 0.10 lots it is $0.63.

What leverage do you offer on USDJPY?

Up to 1:100. One standard lot needs about $1,000 of margin at current prices.

Is there a commission on USDJPY?

$3.50 per lot per side.

When is USDJPY most active?

Active in the Tokyo session and again at the New York open; US Treasury yields and BoJ announcements drive the biggest moves.

Can I hold USDJPY over the weekend?

The market is closed at the weekend. During the 2-Step evaluation positions are closed before the weekend; the 1-Step and funded accounts allow holding.

Is the capital real?

All accounts are demo accounts with virtual funds that run in a simulated trading environment. Rewards are paid in USDT based on your simulated performance, according to our terms.

Keep reading

Forex prop firmForex prop firm with live spreads from our own platform, 1:100 leverage on majors and a 90% profit split. Challenges from $39, payouts in USDT.News tradingTrade high-impact news on a funded account. News trading is allowed on all our challenges: NFP, CPI, FOMC and more. Up to $200,000, 90% profit split.Drawdown rulesHow prop firm drawdown works: maximum daily loss, static vs trailing maximum loss and the consistency rule, with dollar examples for every account.How to passA practical guide to passing a prop firm challenge: risk per trade, daily stop, consistency, news, position sizing and the mistakes that fail most traders.

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90% profit split
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No time limit when funded

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