CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor 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.

Past performance or future forecasts does not constitute a reliable indicator of future performance.
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Invest in EUR/JPY CFD

The EUR/JPY currency pair is a frequently traded asset in the foreign exchange market, where traders can speculate on the exchange rate between the Euro and Japanese Yen. To make informed decisions when investing in EUR/JPY, there are several important factors to consider.

It is important to note that the pip value for yen pairs, such as EUR/JPY, is placed at the second decimal place, which means that fluctuations in the exchange rate are more pronounced. This also implies that traders need to be mindful of the risks associated with trading with higher volatility.

The economic data and policy decisions of the countries involved can significantly affect the EUR/JPY exchange rate. For instance, Germany has the highest GDP in the Eurozone, and its economic data and policy decisions can have a significant impact on the Euro. Similarly, the monetary policy decisions of the Bank of Japan can impact the Yen's exchange rate.

Trading the EUR/JPY currency pair through CFDs can provide investors with the opportunity to profit from the fluctuations in exchange rates between these two currencies. However, it is important to note that like any CFD trading, investing carries a degree of risk. Investors should have a thorough understanding of the forex market, technical analysis, and risk management techniques before trading. Additionally, investors should keep up-to-date with relevant news and events that can impact the exchange rate between these two currencies.

XTB provides CFD trading for the USD/JPY forex pair using our xStation trading platform, which allows you to track near real-time movements.

Recent market events have had an impact on the EUR/JPY exchange rate. For instance, the AUD/USD experienced a surge as the US dollar depreciated, and the Fed increased the amount of money in circulation. Furthermore, the Bank of Japan's monetary policy decisions have also affected the stability of JPY pairs.

Minimal spread
0.012
Margin
3.33%
Leverage
1:30
Commission
-
Market hours
24h from Sunday 11:00 pm to Friday 10:00 pm

Interesting facts

Global Trading Volume: The EUR/JPY represents around 3% of all daily transactions in the worldwide foreign exchange market, making it the seventh most-traded currency pair on the market. Its relatively high volume means it often sees significant price fluctuations, which can provide plenty of trading opportunities.

Currency Pair Volatility: The EUR/JPY currency pair is renowned for its high levels of volatility. Because of this, traders often look to this pair as it provides numerous opportunities to capitalise on price changes. However, it should be noted that higher volatility also means higher risk.

Trading Hours: Forex pairs can theoretically be traded 24/7, but there are optimal times to trade the EUR/JPY pair. Typically, this currency pair is most active and volatile between 07:30 and 15:30 (GMT).

Monetary Policy Impact: The price of the EUR/JPY pair is significantly influenced by the monetary policies of the Eurozone and Japan. Decisions regarding interest rates by the European Central Bank (ECB) and the Bank of Japan can cause price changes in the pair.

Unofficial Nickname: The EUR/JPY currency pair has been referred to as “Euppy”, pronounced as “Yuppy”. This term is commonly used among traders and it represents the fusion of EUR and JPY symbols.

Currencies' Ranking: The EUR/JPY brings together two of the most traded currencies globally. The Euro is the official currency of the European Union, the largest economic region in the world, and the Japanese Yen is the fourth most traded currency, just after the American dollar, Euro, and Britain pound.

Yen's Historical Background: The Japanese Yen, part of the EUR/JPY pair, was officially acknowledged in 1871. Its stability is rooted in Japan's robust industry, including agriculture, food, product production, and technology.

Symbolic Currency Design: The word "yen" means "a circle", referring to the shape of the Japanese coins. Japanese banknotes feature national symbols like Mount Fuji and cherry trees, embodying the nation's pride and culture.

Cross Pair Classification: The EUR/JPY is classified as a 'cross pair' in the forex market. In this context, the EUR is the base currency, while the JPY is the quote currency. This means the price of the EUR/JPY represents the number of Japanese yen it would take to exchange for one euro.

Carry Trading: Although the instructions request not to focus on investment strategies, it's worth noting that the EUR/JPY pair is often used in carry trading strategies due to the Yen's traditionally lower yield and its role as a safe-haven currency during economic unrest.

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Latest news

Keep your finger on the pulse with our latest news

EURJPY drops below short-term support

29 January 2024

Pullback on JPY pairs, USDJPY below 150.00

17 November 2023

Chart of the day: EURJPY (31.10.2023)

31 October 2023
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How to trade EUR/JPY with XTB?

1. Open an account

Complete the form and send relevant documents - all without unnecessary formalities. The opening of an account depends on an appropriateness assessment, verified by a test.

2. Make a deposit

Choose a deposit method convenient for you from a range of available ones, including instant and free payments.

3. Start investing

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1. Download the app

Visit your mobile store and download our app completely for free

2. Open an account

Complete the form and send relevant documents - all without unnecessary formalities. The opening of an account depends on an appropriateness assessment, verified by a test.

3. Make a deposit and start investing

Choose a deposit method convenient for you from a range of available ones, including instant and free payments

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FAQ

Do you have any questions?

Forex EUR/JPY investment is the practice of buying and selling the EUR/JPY currency pair on the foreign exchange market, with the goal of profiting from fluctuations in their exchange rate.

You can invest in forex EUR/JPY by opening an account with a forex broker, depositing funds, and placing trades on the EUR/JPY currency pair through the broker's trading platform. EUR/JPY trading is offered at XTB through contracts for difference (CFDs).

 

The exchange rate of EUR/JPY is influenced by a variety of factors, including economic data releases, central bank policy decisions, geopolitical events, and changes in investor sentiment.

 

Forex EUR/JPY investment carries several risks, including currency fluctuations, leverage risk, counterparty risk, and market volatility. It is important to carefully consider these risks before investing in this market.

 

The benefits of forex EUR/JPY investment include high liquidity, low transaction costs, the ability to profit from both rising and falling markets, and the potential for high returns on investment.

 

You can mitigate the risks of forex EUR/JPY investment by using risk management tools such as stop-loss orders, diversifying your portfolio, and keeping up-to-date with market news and analysis.

 

It is best to preced trading in FOREX with proper education - you can start with the Knowledge base we have prepared for you. Once you have the proper knowledge you should open a demo account to get a feel for the market and practice your trading strategy before investing real money. Remember that you can never have to much knowledge and you should constantly educate yourself during your presence on the financial markets.

There is no recipe for succes in the FOREX market. However, there are some aspects that will help you become a better trader. Here are some tips: start with demo account (before risking real money - get a feel for the market and practice your trading strategy), develop a trading plan (it's important to have a clear plan in place before starting trading), use risk management tools (manage your risk when trading, through eg. Stop Loss orders), do not overtrade (it's easy to get caught up in the excitement of trading, but it's important to stick to your plan and not overtrade).

Financial markets are a very complex topic, as they are influenced by various factors, such micro- and macroeconomic events, policies or social changes. You should start your trading experience with proper education about the concepts, assumptions and laws that govern the markets - you can start with the Knowledge base we have prepared for you. Once you have the proper knowledge you should open a demo account to get a feel for the market and practice your trading strategy before investing real money. Remember that you can never have to much knowledge and you should constantly educate yourself during your presence on the financial markets.

Yes, FOREX investing can be risky. The value of currencies can fluctuate significantly due to a variety of factors, including economic conditions, political events and market speculation. It is important for individuals to carefully consider their own financial situation and risk tolerance before investing in FOREX.

When choosing a broker, you should consider a number of aspects related to its activity and offer. These things you should definitely consider: credibility of the invesment firm, cost and fees, instruments offered, investment platform, customer support and additional benefits. If you want to learn more about how to choose your broker visit: investresponsibly.com.

When choosing a FOREX platform there are several factors you should consider: platform ownership (proprietary platform are usually designed in the most intuitive way), availability of DEMO account (where you can test your knowledge practice strategies before risking real money), fees (commissions, spreads etc.), access to educational materials and market news. Before commiting to one platform you should carefully consider all above-mentioned aspects, as they will particulary contribute to the effectiveness of your trading.
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