Index
JP225 — Nikkei 225
5 – 20 points · 300 – 800 points
JP225 is price-weighted and strongly linked to the yen: a weaker yen usually lifts the index because exporters earn abroad.
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 JPY per point (broker dependent) |
| Pip / tick value | 1 point → ca. 0.7 USD / 1.00 lot |
| Typical spread | 5 – 20 points |
| Typical daily range | 300 – 800 points |
| Best trading hours | Tokyo session 00:00–06:00 UTC |
What moves this market
- ▸USD/JPY direction
- ▸BoJ policy
- ▸Global tech and semiconductor cycles
Correlations to watch
- ▸Strongly positive to USD/JPY
- ▸Correlated with NAS100 through tech weights
How traders approach it
- ▸Trade the Tokyo session with a USD/JPY filter
- ▸Gap trades after big US sessions
- ▸Swing positions on yen trends
Typical mistakes
- ▸Ignoring the yen leg entirely
- ▸Trading it during European hours with low volume
Related instruments
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