RetireJapan

Stupid question, but with the migration of my IB account to an IBSJ account, I'm thinking to make my first investments since the migration. So, the bulk of the money in my account is now in JPY. I plan to buy some US ETFs. Do I need to manually convert the JPY to USD within IBSJ before making the purchase, or would the conversion automatically take place when placing the order if I tried to buy with my JPY funds? Thanks

IBSJ accounts can hold other currencies and deposit/withdraw in JPY, USD, GBP, and EUR.

So when you say automatic, you mean I can just buy the USD ETF with JPY, no conversion in advance necessary? Thanks.

Cool. Thank you for the reply.