USDJPY is a JPY pair, so 1 pip = 0.01 (two decimal places).
The pip value depends on your lot size:
📌 1 Pip Value on USDJPY
✅ Standard Lot (1.00 = 100,000 units)
1 pip ≈ ¥1,000
Convert to USD:
If USDJPY = 150, for example:
¥1,000 ÷ 150 ≈ $6.66 per pip
✅ Mini Lot (0.10 = 10,000 units)
1 pip ≈ ¥100
Convert to USD:
¥100 ÷ 150 ≈ $0.66 per pip
✅ Micro Lot (0.01 = 1,000 units)
1 pip ≈ ¥10
Convert to USD:
¥10 ÷ 150 ≈ $0.066 per pip (about 7 cents)