Frequently Asked Questions
What is the pip value for EUR/JPY?
One standard lot (100,000 units) on EUR/JPY has a pip value of approximately $564.81. The minimum price increment (tick) is 0.01. A pip is typically the second decimal place for this pair, meaning 1 pip = 0.01 for yen pairs.
What time is EUR/JPY most active?
EUR/JPY sees its highest trading volume during the Tokyo and London sessions. Cross pairs like this one see their best liquidity during the overlap of their two currency sessions. Outside of those windows, spreads may widen and order book depth can decrease.
What economic events affect EUR/JPY most?
The most impactful events for EUR/JPY come from the EUR and JPY economies. ECB interest rate decisions and President Lagarde's press conferences are the euro's biggest volatility events. Eurozone flash PMIs and German Ifo business climate data also drive significant intraday moves. Bank of Japan policy decisions, including any changes to yield curve control, are the yen's highest-impact events. Japan's Tankan business survey and GDP data also matter. The upcoming events section above lists the specific releases scheduled in the next two weeks.