Euro vs Japanese Yen
EURJPY
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.002
Contract Size Currency per 1 Lot Symbol
EUR 100,000
Min/Max Trade Size (lots)
0.01 / 100
Schedule and Fees
Market Open
Monday 00:01 MT Server
Market Closed
Friday 23:58 MT Server
Trading Break
23:59 - 00:01 MT Server
3 Day Financing
Wednesday
Long & Short Position Overnight Fee
displayed on the trading platform
Upcoming Calendar Events
| September 13 | Sunday | Volatility | Actual | Previous | Consensus | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22:30 |  NZ | NZD | Business NZ PSI | MEDIUM | 50.6 | ||||||||
FAQ
The EUR/JPY forex trading pair, also known as 'Euppy' (pronounced Yuppy), is one of the most prominent forex trading pairs. It consists of the second and third most traded currencies, the euro (EUR) and the Japanese yen (JPY), and represents the number of yen (the quote currency) required to purchase one euro (the base currency). The EUR/JPY currency pair is considered a "cross" because it is made up of two major reserve currencies but not the US dollar.
The euro is the official currency of the Eurozone, which comprises 19 of the 27 member states of the European Union. It made its virtual debut in 1999, and in 2002, it became a physical currency. The European Central Bank (ECB) oversees its administration, and it serves as a reserve currency and a medium of exchange for international trade.
With a history spanning over 150 years, the Japanese yen is characterised by extremely low-interest rates intended to stimulate economic development. The JPY has become the world's financing currency since it is possible to borrow Yen at low-interest rates to finance higher-yielding ventures.
The yen is an attractive currency for foreign investors due to Japan's current account surplus and reputation for economic stability. In addition, Japan's export-driven economy contributes to the significance of the yen as a key participant in international trade and finance.
