CMC Markets USD/JPY Spread & Trading Conditions 2026

CMC Markets quotes USD/JPY — the US dollar vs Japanese yen pair, a key carry-trade major — with a standard spread of 0.8 pips. 0.8 pips places it 7th out of the 35 brokers we track quoting USD/JPY, tighter than the median of 1.1. On raw/ECN accounts the spread is typically 0.1 pips. Spreads are quoted in pips and widen or tighten with market volatility and account type.

Fee context from our review: Spreads are competitive, and the FX Active account rewards high-volume traders.

Across the 35 public brokers we track quoting USD/JPY, CMC Markets ranks 7 against a median of 1.1. Ranked on published standard-account quotes — see our [methodology](/our-methodology/).

When trading USD/JPY at CMC Markets:

Minimum deposit: $0
Maximum leverage: 1:30 (Retail) | 1:500 (Pro)
Commission: $0 (Spread only for Forex/Indices CFDs)
Execution: Market Maker
Platforms: Next Generation, MT4

Spreads shown are indicative of the account types we assess. Raw/ECN accounts generally charge a per-lot commission in exchange for tighter raw spreads, while standard accounts build costs into the spread itself.

The USD/JPY spread is driven by liquidity depth, market volatility, the time of day (London and New York sessions are tightest), and the account model you choose. CMC Markets supports MT4 for spread-sensitive execution.