USD/JPY
US Dollar to Japanese Yen exchange rate (daily)
| Property | Value |
|---|---|
| Category | macro |
| Unit | Dimensionless |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/markets |
| Field | usdjpy |
Overview
Spot exchange rate of the US dollar versus the Japanese yen (USD/JPY). Daily closing values. USD/JPY is highly sensitive to the interest-rate differential between the US and Japan, making it one of the cleanest single barometers of relative monetary policy.
Interpretation
- Rising USD/JPY (yen weakening): widening US-Japan rate differential, supportive of carry trades and global liquidity.
- Falling USD/JPY (yen strengthening): narrowing rate differential, often coincides with BOJ tightening or risk-off carry-trade unwinds.
- Sharp yen rallies (e.g., 2024 carry-trade unwind) have historically triggered short-term BTC drawdowns.
Use Cases
- Use as a real-time read on BOJ-Fed policy divergence for BTC macro positioning.
- Combine with
macro_boj_assetsto track Japanese monetary-policy regime. - Watch for sudden yen strength as a leading signal of carry-trade unwinds that have historically pressured BTC.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/macro/markets?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- US Dollar Index (DXY) — ICE US Dollar Index DX-Y.NYB (points, daily)
- EUR/USD — Euro to US Dollar exchange rate (daily)
- BOJ Total Assets — Bank of Japan total assets (¥B, monthly)
- Fed Funds Target Rate — US federal funds upper-bound target rate (%, daily)