The quote will usually look something like this: USD/JPY = 100.00. The U.S. Dollar (USD) is the base currency and the Japanese Yen (JPY) is the quote currency. ... When you place a short trade on this currency pair, you are going short on the USD Dollar and, as a result, simultaneously going long on the Japanese Yen.e following are not necessarily the best Forex pairs to trade, but they are the ones that have high liquidity and occupy the most foreign exchange transactions:EUR/USD (Euro – US dollar)USD/JPY (US dollar – Japanese yen)GBP/USD (British pound – US dollar)AUD/USD (Australian dollar – US dollar). thanks


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