Forex
USD/JPY Spread Comparison
USD/JPY is the second most traded currency pair globally and the most liquid Asian session pair. It is sensitive to BOJ policy, US yields, and risk sentiment shifts. Spreads are typically 0.1-1.2 pips across the brokers we track.
Brokers tracked
26
Cheapest spread
0.03 pips
Most expensive
3.8 pips
Cost gap
126.7x
USD/JPY Spreads by Broker
Data: Nov 1, 2026| # | Broker | Market | Account | Spread (pips) | Type |
|---|---|---|---|---|---|
| 1 | IC Markets | Australia | Raw | 0.03pips | variable |
| 2 | IC Markets | Worldwide | Raw Spread | 0.03pips | variable |
| 3 | BlackBull Markets | Worldwide | Standard | 0.1pips | variable |
| 4 | Axi | Australia | Pro | 0.5pips | variable |
| 5 | StoneX | UK | Standard | From0.648pips | variable |
| 6 | IG Markets | UK | Standard | 0.7pips | variable |
| 7 | CMC Markets | UK | Standard | 0.7pips | variable |
| 8 | Spreadex | UK | Spread Bet | 0.7pts | variable |
| 9 | IG Group | Worldwide | Standard | 0.7pips | variable |
| 10 | easyMarkets | Australia | MT5 Pro | From0.9pips | variable |
| 11 | Saxo Bank | Worldwide | VIP | 0.9pips | variable |
| 12 | Pepperstone | Australia | Standard | From1pips | variable |
| 13 | OANDA | Australia | Standard | 1pips | variable |
| 14 | ThinkMarkets | Australia | ThinkTrader | 1pips | variable |
| 15 | Pepperstone | UK | Standard | From1pips | variable |
| 16 | OANDA | Worldwide | Standard | 1pips | variable |
| 17 | ThinkMarkets | Worldwide | ThinkTrader | 1pips | variable |
| 18 | FXTM | Worldwide | Standard | 1pips | variable |
| 19 | easyMarkets | Worldwide | Standard | 1pips | fixed |
| 20 | Pepperstone | Worldwide | Standard | From1pips | variable |
| 21 | XTB | UK | Standard | 1.1pips | variable |
| 22 | Capital.com | UK | Standard | 1.2pips | variable |
| 23 | Vantage | Australia | Standard | From1.5pips | variable |
| 24 | Swissquote | Worldwide | Prime | 1.7pips | variable |
| 25 | XM | Worldwide | Standard | 2.5pips | variable |
| 26 | FXCM | UK | Standard | 3.8pips | variable |
Spreads are indicative and updated daily from broker pricing pages. Raw/ECN accounts include commission. Standard accounts are commission-free.
Why the USD/JPY spread matters
USD/JPY moves most during Tokyo open and overlaps with London and New York sessions. It is the key pair for yen carry trades. A tight spread matters especially for carry trade entries and exits where timing precision reduces slippage cost.
Compare spreads across all instruments and all markets.
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