USDT to JPY rate — Japan
A typical buy costs 177.99 JPY and a typical sell fetches 164.60 JPY. 3 venues carry the currency, with 163 ads live right now.
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Open the botFrequently asked questions
What does USDT cost in JPY?
Roughly 177.99 JPY to buy and 164.60 JPY to sell. Those are medians across all venues; the table above updates live.
Which exchanges carry JPY?
Binance, Bybit, KuCoin — 3 venues in total.
Why do prices differ between exchanges?
The Japanese Yen market is fragmented: venues sit 4.55% apart, and flow between them is obstructed, so prices do not converge.
What is the buy-sell gap?
The distance between what people give the currency up for and what they take it back at. Buying and immediately selling costs you exactly that, currently about 8.13%.
How the Japanese Yen market is shaped
The Japanese Yen trades on 3 of the venues we cover, and right now they hold around 163 ads totalling 224K USDT. Most of them sit on Binance.
The typical price is 177.99 JPY to buy and 164.60 JPY to sell. The gap between them, 8.13%, is exactly what you lose buying and immediately selling back. It is not an exchange fee but the natural distance between demand and supply, and it narrows as the market deepens.
How far the venues diverge
The cheapest and dearest exchange for this currency currently sit 4.55% apart, measured across the 2 venues that carry this market. That is a lot: the market is fragmented, the venues are barely connected, and looking at only one of them is a reliable way to overpay. A gap that size usually means flow between venues is obstructed — by banking limits, verification requirements, or simply too few merchants.
How this compares with other currencies
By ad count this is the 46th largest of the 58 currencies with a page of their own here. The gap between venues here is wider than for 85% of the rest — the venues are poorly connected.
What to check before trading, and where the numbers come from →