HKD/JPY

HKD/JPY CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Hong Kong Dollar against the Japanese Yen.

The Hong Kong Dollar, issued in Hong Kong, is pegged to the US Dollar. This peg means its value is closely tied to the US Dollar, and therefore, it is heavily influenced by US monetary policy and economic conditions.

The Japanese Yen, issued in Japan, is considered a safe-haven currency, often sought after during times of economic uncertainty. Japan's economic stability and low interest rates contribute to the Yen's role as a safe haven. Therefore, the Japanese Yen may experience fluctuations based on global economic stability and investor risk sentiment. The HKD/JPY currency pair will be influenced by global risk sentiment, the US economy, and the Japanese economy.