The term "USD/JPY" refers to the exchange rate between the U.S. Dollar and the Japanese Yen. It indicates how many Yen one can get for a single Dollar. This currency pair is one of the most traded in the foreign exchange market, making it a key indicator of economic health in both the United States and Japan. Traders and investors closely watch the USD/JPY rate to make decisions about buying or selling currencies. Factors like interest rates, economic data, and geopolitical events can influence this exchange rate, affecting everything from international trade to investment strategies.