Forex Cross
EUR/JPY — Euro / Japanese Yen
0.6 – 2.2 pips · 80 – 140 pips
EUR/JPY is a risk-sentiment barometer. It rallies when global equities are calm and drops fast when volatility spikes, making it a favourite for trend and momentum traders.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 100,000 EUR |
| Pip / tick value | 0.01 → ca. 6.5 – 7 USD / 1.00 lot |
| Typical spread | 0.6 – 2.2 pips |
| Typical daily range | 80 – 140 pips |
| Best trading hours | London and the London/NY overlap |
What moves this market
- ▸Global risk appetite and equity volatility
- ▸BoJ policy shifts
- ▸Euro-area yields
Correlations to watch
- ▸Positive to equity indices, negative to VIX
- ▸Highly correlated with GBP/JPY
How traders approach it
- ▸Trend following on H4 during calm volatility regimes
- ▸Momentum shorts when indices break structure
- ▸Session breakouts with wide, ATR-based stops
Typical mistakes
- ▸Fading a risk-off cascade too early
- ▸Stacking EUR/JPY with GBP/JPY as if they were independent
Related instruments
Analyse it in FX CURIO
Run an AI chart analysis on this instrument, size the position from your stop and check news and correlation risk before you click buy.