Currency Convertor

Risk Warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Currency Convertor +
Afterprime / Live Spreads / Forex / Trade EURJPY CFD

EURJPY Euro vs Japanese Yen

CFD Forex

Forex

Minor Forex-Minor OTC
Sell EUR
Buy EUR

Why Trade EURJPY?

  • Spreads from 0.0pips
  • Fast Execution < 1ms
  • Full Trade Receipts
  • $0 Fee Deposits
  • TradingView
  • TraderEvolution

What is Euro vs Japanese Yen / EURJPY?

EURJPY is the ticker symbol for Euro vs Japanese Yen. EURJPY is a Forex CFD. The EUR/JPY currency pairing is a representation of the amount of Japanese Yen (JPY) that can be bought for every Euro (EUR).

The standard contract size for EURJPY is 100000 with max lots of 1000 tradeable in 0.01 lot increments.

EURJPY Product Specification

Contract Size
100000
Margin Currency
EUR
Profile Currency
JPY
Pip Value
1000
Asset Class
Sector
Minor
Sub-Sector
Forex-Minor
Expiry
Perpetual
Max Lots
1000
Minimum Size
0.01
Step
0.01
3-Day Swap
Wednesday
Product Specs

EURJPY Sessions

Exchange
OTC
Market Hours
24 Hrs
Expiry
Perpetual
Monday
00:01-23:59
Tuesday
00:01-23:59
Wednesday
00:01-23:59
Thursday
00:01-23:59
Friday
00:01-23:57
Saturday
Closed
Sunday
Closed
Time Zone
GMT +2 / GMT +3

EURJPY Platform Access

Price Feed
Desktop
Web
Mobile
FIX API
Scalping / News
Automated Trading
Day Trading

Popular EURJPY FAQs

What is the minimum trade size for EURJPY?

The minimum trade size for EURJPY is 0.01

What is the maximum trade size I can open on EURJPY?

1000 lots

How do you analyze EURJPY?

You analyze the EURJPY forex pair the same as any other market, by a combination of technical analysis, trend analysis, and any pertinent fundamental analysis or information that is available. You should think of the EUR as the "anti-JPY", as if the JPY is soft, it generally means that there is a strengthening EUR, and vice versa.

Is CFD trading risky?

CFD trading is extremely risky. Trading any leveraged product carries significant risk as you have the ability to open positions that are far larger than your account balance.

What leverage do we offer on Forex?

The maximum leverage that the Company offers to retail clients for major currency pairs is 1:30 and for non-major currency pairs is 1:20.

What is the value of one Forex point?

One Forex point is normally = to 1000 unit of base currency. For instance, one Forex point of EURJPY is = to 1000 EUR.

EURJPY Trading Strategies

The EURJPY currency pair is one of the most popular among traders. One of the reasons for this popularity is that the pair is highly liquid, which means that it can be easily bought and sold without incurring large spreads. Additionally, the pair is also relatively volatile, providing ample opportunities for profit.

The Breakout Strategy

One of the most basic EURJPY trading strategies is the breakout strategy. This strategy relies on detecting breakouts—that is, moments when the price of the currency pair suddenly spikes in either direction. When such a breakout occurs, the trader can enter into a position in the direction of the breakout and ride the ensuing trend for profits.

There are a few ways to detect breakouts. One way is to look for moments when the price breaks out of a well-defined range. Another way is to look for moments when one of the moving averages (e.g., 20-day simple moving average) crosses over another (e.g., 50-day simple moving average).

When implementing this strategy, it is important to place stop-loss orders so as to limit downside risks in case the breakout turns out to be false. A false breakout occurs when the price spikes in one direction but then quickly returns back into its previous range.

The Pullback Strategy

Another popular EURJPY trading strategy is known as the pullback strategy. This strategy takes advantage of retracements, which are small corrections that occur within a larger trend. After detecting a strong uptrend or downtrend, the trader can enter into a position in anticipation of a small retracement and then exit at a higher point (for an uptrend) or lower point (for a downtrend).

There are many ways to detect retracements. One way is to look for candlestick patterns such as head and shoulders or inverted head and shoulders formations. Another way is to use Fibonacci ratios such as 23%, 38%, or 62%.

The stop-loss placement is critical when using this strategy because it determines how much downside risk the trader is willing to take. A common stop-loss placement method is to place it just below (for an uptrend) or just above (for a downtrend) the recent swing low/high point.

These are just two examples of EURJPY trading strategies that beginners can use to get started. As with all trading strategies, it is important to test them out on a demo account before implementing them with real money. Additionally, it is also important to have strict risk management rules in place so as to protect your capital from unexpected market moves.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

EURJPY Trading Strategies.

The Afterprime liquidity mix for the forex market has been specially designed to cater for all forex trading styles. Enjoy trading on EURJPY with fast speeds and low costs.

Scalpers

Low Costs

News Traders

STP Execution

HFTs

Execution From < 1ms

Expert Advisers

No restrictions

Swing traders

Low financing

Large Traders

Deep sweepable liquidity

Need Help?

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FAQs

Browse our FAQs for detailed instructions on specific trading features.

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This website is operated by Afterprime Europe Limited (ex H.C.F.S High Capital Financial Services Limited), a Cyprus Investment Firm ("CIF") that is registered under the laws of the Republic of Cyprus with registration number HE360438, authorized and regulated by the Cyprus Securities and Exchange Commission, ("CySEC") under a CIF License number 368/18.

Afterprime is a tradename of Afterprime Europe Limited.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investors' accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our full Risk Disclosure Notice.

This website does not contain, and should not be construed as containing investment advice or an investment recommendation or, an offer or solicitation for any transactions in financial instruments.

This information is not directed or intended for distribution to or use by residents of countries/ jurisdictions outside the European Economic Area (EEA), including but not limited to Belgium and USA, since the Company does not offer its services to any third countries where trading CFDs is prohibited.