Trading EUR/JPY
The Euro and Japanese Yen (EUR/JPY) is one of the most popular and volatile crosses traded in the world today. But before you start investing on the EUR/JPY exchange rate, use this guide to understand how to forecast future prices using live online charts, the latest news and technical analysis. We’ll also look at the history of both currencies, plus other top trading tips.
EUR/JPY Trading Brokers
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Pepperstone provides forex spreads on the EUR/USD averaging just 0.12 pips with their Razor account. This is highly competitive. Their extensive portfolio includes over 100 currency pairs, which exceeds what most rivals offer. Furthermore, Pepperstone stands out by offering three unique currency indices: USDX, EURX, and JPYX, which are rare on other platforms. They have been recognised with our 'Best Forex Broker' award twice.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.4 0.1 0.4 Total Assets FCA Regulated Platforms 100+ Yes MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower -
XTB offers access to over 70 currency pairs, with competitive spreads averaging about 1 pip for major pairs. Its xStation platform is user-friendly, providing traders with top-tier charting tools, over 30 indicators, and diverse order types to support different strategies and risk management needs.
GBPUSD Spread EURUSD Spread GBPEUR Spread 1.4 1.0 1.4 Total Assets FCA Regulated Platforms 70+ Yes xStation -
FXCC champions its competitive forex trading environment. ECN spreads can drop to an impressive 0.0 pips during busy trading periods. Offering more variety than many competitors, it supports over 70 currency pairs. Furthermore, traders benefit from MT4, renowned for its exceptional charting capabilities, specifically designed for forex trading.
GBPUSD Spread EURUSD Spread GBPEUR Spread 1.0 0.2 0.5 Total Assets FCA Regulated Platforms 70+ No MT4, MT5 -
Vantage provides over 55 currency pairs, exceeding the industry norm, giving traders ample opportunities. With a robust liquidity pool, forex spreads start at 0.0 pips on the ECN account, often beating other options. Additionally, there are no commissions, deposit fees, or hidden charges.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.5 0.0 0.5 Total Assets FCA Regulated Platforms 55+ Yes ProTrader, MT4, MT5, TradingView, DupliTrade -
IC Markets remains dedicated to offering tight 0.0-pip spreads on major currency pairs like EUR/USD, ensuring outstanding execution with an average speed of 35 milliseconds. Ideal for traders seeking high performance, those dealing in large volumes can also enjoy rebates of up to $2.50 per forex lot.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.23 0.02 0.27 Total Assets FCA Regulated Platforms 75 No MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower -
FxPro provides over 70 currency pairs, though minors are excluded, and is renowned for its rapid execution and tight spreads, averaging 0.45 pips on EUR/USD. Traders can design, evaluate, and implement short-term strategies using the top-tier MT4 platform with expert advisors for algorithmic trading.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.6 0.45 0.73 Total Assets FCA Regulated Platforms 70+ Yes FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower -
IG provides an extensive selection of over 80 currency pairs through its own web platform, mobile app, or MetaTrader 4. For advanced charting and forex analysis, the ProRealTime software is available. Testing shows forex spreads are competitive, beginning at 0.1 pips on major pairs such as EUR/USD.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.9 0.8 0.9 Total Assets FCA Regulated Platforms 80+ Yes Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
Safety Comparison
Compare how safe the Trading EUR/JPY are and what features they offer to protect traders.
Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
---|---|---|---|---|---|
Pepperstone | ✔ | ✔ | ✘ | ✔ | |
XTB | ✔ | ✔ | ✔ | ✔ | |
FXCC | ✘ | ✔ | ✘ | ✔ | |
Vantage FX | ✔ | ✔ | ✘ | ✔ | |
IC Markets | ✘ | ✔ | ✘ | ✔ | |
FXPro | ✔ | ✔ | ✘ | ✔ | |
IG Index | ✔ | ✔ | ✔ | ✔ |
Payments Comparison
Compare which popular payment methods the Trading EUR/JPY support and whether they have trading accounts denominated in British Pounds (GBP).
Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
---|---|---|---|---|---|---|
Pepperstone | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
XTB | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
FXCC | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
Vantage FX | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
IC Markets | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
FXPro | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
IG Index | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ |
Mobile Trading Comparison
How good are the Trading EUR/JPY at mobile trading using apps or other mobile interfaces.
Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
---|---|---|---|---|
Pepperstone | iOS & Android | ✘ | ||
XTB | iOS & Android | ✔ | ||
FXCC | iOS & Android | ✘ | ||
Vantage FX | iOS & Android | ✘ | ||
IC Markets | iOS & Android | ✘ | ||
FXPro | iOS & Android | ✘ | ||
IG Index | iOS & Android | ✔ |
Beginners Comparison
Are the Trading EUR/JPY good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
---|---|---|---|---|---|
Pepperstone | ✔ | $0 | 0.01 Lots | ||
XTB | ✔ | $0 | 0.01 Lots | ||
FXCC | ✔ | $0 | 0.01 Lots | ||
Vantage FX | ✔ | $50 | 0.01 Lots | ||
IC Markets | ✔ | $200 | 0.01 Lots | ||
FXPro | ✔ | $100 | 0.01 Lots | ||
IG Index | ✔ | $0 | 0.01 Lots |
Advanced Trading Comparison
Do the Trading EUR/JPY offer features that allow for more advanced trading strategies?
Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
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Pepperstone | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✔ | ✔ | ✘ |
XTB | Open API | ✔ | 1:30 | ✘ | ✘ | ✔ | ✘ |
FXCC | Expert Advisors (EAs) on MetaTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
Vantage FX | Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader | ✘ | 1:30 | ✔ | ✘ | ✘ | ✘ |
IC Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✘ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✔ | ✘ | ✔ | ✘ |
FXPro | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✘ |
IG Index | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | ✔ | 1:30 (Retail), 1:222 (Pro) | ✔ | ✘ | ✔ | ✔ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Trading EUR/JPY.
Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
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Pepperstone | |||||||||
XTB | |||||||||
FXCC | |||||||||
Vantage FX | |||||||||
IC Markets | |||||||||
FXPro | |||||||||
IG Index |
Our Take On Pepperstone
"Pepperstone is a premier trading platform, providing tight spreads, swift execution, and sophisticated charting tools for seasoned traders. Beginners benefit from no minimum deposit, comprehensive learning materials, and outstanding 24/7 support."
Pros
- Pepperstone offers rapid execution speeds of approximately 30ms, enabling swift order processing and execution, making it ideal for traders.
- Over the years, Pepperstone has consistently garnered recognition from DayTrading.com’s annual awards. Recently, it was honoured as the 'Best Overall Broker' in 2025 and was the 'Best Forex Broker' runner-up the same year.
- Pepperstone presents itself as an economical choice for traders, offering spreads as low as 0.0 in its Razor account. The Active Trader programme provides rebates up to 30% on indices and commodities, plus $3 per lot on forex.
Cons
- Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app.
- Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
- Although its market range has improved, its crypto offerings remain limited compared to brokers specialising in this sector, lacking real coin investment options.
Our Take On XTB
"XTB emerges as an ideal option for novice traders, offering the impressive xStation platform, zero commission pricing, no required minimum deposit, and outstanding educational resources, many of which are conveniently integrated into the platform."
Pros
- Setting up an XTB account is straightforward and fully online, requiring only a few minutes. This simplicity eases new traders into the world of trading.
- XTB has raised its interest rate on uninvested funds and introduced zero-fee ISAs for UK clients, offering access to 3,000 stocks and 700 ETFs for diverse investment opportunities.
- XTB offers a diverse range of over 7,000 instruments, including CFDs on shares, indices, ETFs, commodities, forex, and cryptocurrencies. The platform also provides real shares, real ETFs, share dealing, and the latest addition, Investment Plans, serving both traders seeking short-term gains and investors focused on long-term growth.
Cons
- XTB has stopped supporting MT4, restricting traders to its own platform, xStation. This decision may discourage experienced traders accustomed to using the MetaTrader suite.
- The demo account lasts only four weeks, posing a challenge for traders wanting to fully explore the xStation platform and refine short-term strategies before investing actual money.
- Trading fees are competitive, with average EUR/USD spreads of about 1 pip. However, they are not as low as the most affordable brokers, such as IC Markets. Additionally, an inactivity fee applies after a year.
Our Take On FXCC
"FXCC remains a top choice for forex traders, offering over 70 currency pairs, very tight spreads from 0.0 pips in tests, and high leverage up to 1:500 with the ECN XL account."
Pros
- There are no limitations on short-term trading techniques such as trading and scalping.
- FXCC is a trusted and licensed broker under the regulation of CySEC, a leading European authority ensuring excellent safeguarding standards.
- FXCC has introduced MT5, which in our evaluations, mirrored the trading conditions of MT4 by offering swift execution, improved charting, and market depth tools.
Cons
- Unaware traders might face steep withdrawal fees, such as a notable $45 for bank transfers.
- While the MetaTrader suite excels in technical analysis, its outdated design detracts from the overall trading experience, particularly when contrasted with contemporary platforms such as TradingView.
- FXCC's exclusive MetaTrader platform is a limitation, especially when compared to more versatile options like AvaTrade, which offers five different platforms to cater to various trader needs.
Our Take On Vantage FX
"Vantage is an ideal choice for CFD traders looking for a well-regulated broker with access to the dependable MetaTrader platforms. With a swift sign-up process and a minimum deposit of $50, starting trading is simple and fast."
Pros
- Vantage addresses the needs of passive investors through user-friendly social trading on ZuluTrade and Myfxbook.
- The broker recently expanded its range of CFDs, offering more trading opportunities.
- With a minimal deposit requirement of just $50 and no funding fees, this broker stands out as an excellent option for novice traders.
Cons
- To access optimal trading conditions, a substantial deposit of $10,000 is required. This includes a commission of $1.50 per transaction per side.
- Regrettably, cryptocurrencies are accessible solely to clients in Australia.
- It's unfortunate that some clients must register with the offshore firm, which provides reduced regulatory safeguards.
Our Take On IC Markets
"IC Markets provides excellent pricing, swift execution, and easy deposits. With cutting-edge charting tools like TradingView and the Raw Trader Plus account, it continues to be a preferred option for intermediate and advanced traders."
Pros
- IC Markets provides reliable 24/5 support, especially for account and funding queries, drawing from direct experience.
- IC Markets provides some of the industry's narrowest spreads, offering 0.0-pip spreads on major currency pairs. This makes it an extremely cost-effective choice for traders.
- Access over 2,250 CFDs across diverse markets like forex, commodities, indices, shares, bonds, and cryptocurrencies. This variety enables traders to employ diversified strategies.
Cons
- Although there are four top-tier third-party platforms available, the absence of in-house software or a trading app tailored for novice traders is notable.
- Certain withdrawal methods incur fees, including a $20 charge for wire transfers. These costs can reduce profits, particularly with frequent withdrawals.
- The tutorials, webinars, and educational resources require enhancement, lagging behind competitors such as CMC Markets, which diminishes their appeal to novice traders.
Our Take On FXPro
"FxPro is an excellent choice for traders, offering swift execution speeds under 12ms, reduced fees since 2022, and outstanding charting platforms like MT4, MT5, cTrader, and FxPro Edge."
Pros
- FxPro's Wallet is a notable feature enabling traders to securely manage their funds. It ensures additional protection and ease by separating unused funds from active trading accounts.
- FxPro provides four dependable charting platforms, including the user-friendly FxPro Edge. It features more than 50 indicators, 7 types of charts, and 15 different timeframes.
- FxPro uses a 'No Dealing Desk' (NDD) model for swift and transparent order execution, usually within 12 milliseconds, making it well-suited for short-term trading strategies.
Cons
- FxPro offers customer support five days a week around the clock, accessible via various platforms, and the service quality is reliable based on tests. However, the absence of weekend support can be a drawback for traders requiring help beyond standard market times.
- FxPro, with its $10M funded demo account and expanding Knowledge Hub, mainly caters to experienced traders. Beginners might find its account and fee structure challenging to understand.
- There are no passive investment options such as copy trading or interest on cash. While traders might not find these essential, competitors like eToro, which accommodate both active and passive investors, offer more extensive services.
Our Take On IG Index
"IG offers a complete package with an intuitive online platform, top-tier beginner education, advanced charting tools through its TradingView integration, real-time data, and swift execution for seasoned traders."
Pros
- The web-based platform supports traders at every level, offering advanced charting tools and real-time market data vital for trading. Additionally, IG now includes TradingView integration.
- IG provides a wide range of professional and engaging educational materials, such as webinars, articles, and analyses, tailored for traders.
- The IG app provides an excellent mobile trading experience with an intuitive design, earning it the Runner Up position in our 'Best Trading App' award.
Cons
- In the UK and EU, negative balance protection is available. However, US clients lack account protection and guaranteed stop losses.
- IG has ended its swap-free account, diminishing its attractiveness to Islamic traders.
- Based on tests, stock and CFD spreads remain less competitive than the lowest-cost brokers, such as CMC Markets.
The EUR/JPY Explained
EUR/JPY is the forex pair quote representing the currency exchange rate between the Euro and the Japanese Yen. The base currency, EUR, is quoted against the counter currency, JPY, which means you need a certain amount of JPY to buy one EUR.
Due to high levels of volatility, the EUR/JPY pairing represents around 3% of all daily transactions and is the seventh most-traded currency pair on the market.
To fully understand the price movements of the pair, below we analyse the origins of the two currencies and what historical factors have affected the EUR/JPY price.
The Euro
Compared to the Japanese Yen and many other currencies, the Euro is relatively new. Originally released as an invisible currency in 1999, it was not until 2002 when coins and banknotes were launched to the public. This became the biggest cash changeover in history, taking place in 12 EU countries.
Despite its infancy, the Euro has seen high volatility due to political and economic events at the start of the century, including the 2008 financial crisis. From 2013 to 2015, the Euro fell heavily again as debt problems emerged in Portugal, Spain, Greece and Italy.
The Japanese Yen
The Japanese Yen is the third most-traded currency in the world and is the fourth reserve currency behind the US Dollar, the Euro and the Pound Sterling.
The Yen was officially created in 1871 by the Meiji government and was steadily boosted in value due to Japan’s strong industrial economy. After losing much of its value after World War II, the Yen was then fixed at 360 JPY per 1 USD in order to stabilise the Japanese economy.
When this system was abandoned in 1971, the Yen became undervalued and was allowed to float. Throughout the 1970s and 1980s, the Yen fluctuated in value due to government intervention in the ‘dirty float’ scheme and the Plaza Accord. Since that time, the price of the Yen has gradually decreased.
Pros Of Trading EUR/JPY
- Volatility – High volume and volatility products like EUR/JPY can result in good trading opportunities from upward price movements.
- Stronger trends – As EUR/JPY is a cross pair, it generally develops stronger trends compared to major currency pairs. You can easily see this in action on a realtime or 1-hour price chart.
- Diversity – Intraday traders also enjoy a range of EUR/JPY trading options, such as ETF products, futures and forward instruments, and more.
- Technical analysis – Today, any trading system can offer an abundance of technical and fundamental analysis tools. This includes daily forex candlestick chart analysis and tools which allow you to access real-time economic news.
- Spreads – As one of the most popular traded pairs, you should be able to find a low bid-ask spread for EUR/JPY at most forex brokers.
Cons Of Trading EUR/JPY
- Volatility risk – Whilst high volatility can be profitable, it can also result in heavy losses if you do not have appropriate risk management tools in place.
- Leverage – Leveraged trading is often misunderstood, especially by new traders. Remember that you can lose more than you initially put down, so make sure you understand this concept before committing to a trade.
- Commitment – Due to its volatility, the current price action of EUR vs JPY is dynamic and constantly moving. This means UK traders will need to monitor market conditions and stay on top of historical data downloads in order to successfully execute a trend forecast.
What Factors Affect EUR/JPY?
European Factors
For today’s UK traders, there are a number of factors that influence the movement of the Euro, namely economic, political and financial. A notable example is monthly reports released by the European Central Bank (ECB), which can give traders an indication of where the Euro is heading.
Current employment rates and job creation is often another factor that can see the Euro go up or down. This data is also readily available to the public and is worth keeping an eye on to monitor the strength of an economy.
Other factors include monetary policy, inflation and the Consumer Price Index, confidence and sentiment, plus GDP. Experts suggest that now that Brexit has occurred, France and Germany now account for nearly 50% of the Eurozone’s GDP. These are therefore the best places to start if you’re looking for economic reports.
Japanese Factors
The same kinds of economic, political and financial factors also affect the spot Euro and Yen exchange rate, in addition to the high rate of import and export trading in Japan.
Another major factor is the current rate of natural disasters in the region. Because Japan is a small country, natural events can cause the currency’s value to fluctuate hugely.
Interest rates and government intervention initiatives also play a huge role in affecting the direction of JPY. The Bank of Japan, for example, has maintained a consistent zero interest rate policy for decades.
How To Trade EUR/JPY
If you’re considering day trading on EUR/JPY, you can check out the best platforms to use in some of our online broker reviews. Before you start, it’s worth getting to know the various strategies and considerations associated with the pair.
EUR/JPY Forex Trading MT4
Technical Analysis
For many traders, technical analysis is an essential base for any trading strategy. Technical analysis is the study of historical data on realtime price chart movements, which allow you to make a prediction on future forex trends.
Support and resistance levels, for example, can be used to indicate the high and low price points on a graph, at which the price will stop and reverse. These can also be used to analyse the average daily range pip movement of EUR/JPY, or to complement a breakout strategy. You could also use an indicator to map out bullish and bearish trends on an hourly chart, such as Elliott Wave analysis or daily Pivot Points.
Live streaming price charts are not only used for short-term forex analysis, as some can also facilitate a long-term chart forecast with timeframes spanning years. Moving averages, for example, work well on yearly charts, as they can show you the overall direction of price over time. You could also use a simple moving average on a 5 or 15 minute chart if you want to build your scalping strategy.
Fundamental Analysis
Whilst you can get a reasonable daily outlook from technical studies and indicators, these should also be combined with fundamental analysis. This involves monitoring any news reports and global events that might affect the EUR to JPY daily or weekly forecast.
Some of the most popular resources include Bloomberg, Forex Factory, Reuters, Yahoo Finance, Google Finance and CNBC. It’s also worth looking out for any economic news calendars, market sentiment tools or blogs within your trading platform.
Automated Trading
Some platforms also offer automated and algorithmic trading functionality, including Expert Advisors (EAs), which can be used for short-term or long-term strategies. For example, you could use a scalping strategy with an EA to make quick profits on EUR/JPY.
You can also use automated signals, where you can subscribe to another trader’s account and get their deals automatically copied into yours. This is a good option if you’re short on time or unable to monitor trades regularly.
You can easily apply a daily forex signal on EUR/JPY in the MetaTrader platform, for example, by exploring the vast range of providers in the Signals tab. Clicking on an individual provider will take you through to their success rates and monthly profit charts.
Note that automated trading isn’t for everyone and it will take practice to find the solution that suits you. If you encounter any issues, the community forum is an excellent place to get an initial prognosis, advice and recommendations.
Correlation
A simple EUR/JPY forex trading strategy that you can use to forecast the future price, is the positive currency correlation with both EUR/USD and USD/JPY. A positive currency correlation is when the values of the currency pairs move in tandem.
With this in mind, traders will avoid buying or selling EUR/JPY when EUR/USD is going up and USD/JPY is going down. Similarly, they will avoid trading the cross when EUR/USD is going down and USD/JPY is going up.
Therefore, the optimum conditions at which to buy EUR/JPY would be when both EUR/USD and USD/JPY are hitting the support level and rallying. Conversely, if you want to sell EUR/JPY, make sure the other two pairs are hitting resistance and coming down.
Note that the EUR/JPY and CHF/JPY also have a positive correlation. This is due to the close relationship between the Swiss Franc and the Euro.
Risk Management
Remember that the strategy above should be protected with stop loss and take profit barriers. These will ensure that your account automatically closes trades when prices hit a set level.
To determine your stop-loss price, you can employ technical analysis tools such as support and resistance, pivot points and trendlines. If you’re buying EUR/JPY, your stop-loss closing price should always be placed below the currency market price and if you’re selling, it should be placed above.
You can use an online calculator to determine how much you can risk per trade and make sure to check out any tips and advice online.
Session Times
Although FX markets operate around the clock, there are optimum session times for EUR/JPY where UK day traders can generate more profits from greater volatility.
Some sources suggest that the best time to trade EUR/JPY is when the London and New York trading sessions overlap, between 12:00 and 16:00 GMT. Swing traders may also want to keep an eye on EUR/JPY on Thursdays, when average daily volatility is highest.
Final Word On EUR/JPY
EUR/JPY is a volatile and exciting pair to trade, with plenty of analysis options available for day traders. Whether you’re scalping on a daily live chart, or long-term investing on 1 or 5 year charts, make sure to stay updated with the latest analysis and economic developments in Japan and Europe.
The technical and fundamental analysis tools mentioned above should also provide the basis of your research into trading EUR/JPY. Nonetheless, it’s ultimately up to you to decide on the best strategy to help you achieve your target.
Find out more about forex trading.
FAQ
What Does EUR/JPY Mean?
EUR/JPY is the currency pair that represents the Euro (EUR) to Japanese Yen (JPY) exchange rate. The pair determines how many units of JPY, the quoted currency, is needed to buy 1 Euro, the base currency. EUR/JPY is the seventh most-traded currency pair on the forex market.
How Do I Trade EUR/JPY?
To start trading, you will need access to a EUR vs JPY live chart which will indicate the historical rate of price action over multiple timeframes. You can then use chart indicators to analyse trends and forecast future movements. You can also implement other tools such as Expert Advisors or trading signals to boost your strategy.
What Is The Best Time To Trade EUR/JPY?
The best time to trade EUR/JPY is when the London and New York trading sessions overlap, between 12:00 and 16:00 GMT. Note that the trading hours available in the trading platform may depend on the timezone of your broker.
Where Can I Get News On EUR/JPY?
You should keep on top of economic, political and financial developments in both regions by following governmental reports and other news outlets such as Reuters and Bloomberg. Note that the Japanese Yen is also affected by natural disasters in the region.
Should I Trade EUR/JPY?
The EUR/JPY pair is a popular product due to its volatility and potential to generate profits. If you’re beginner, you may want to start with the easiest and most stable currency pair, EUR/USD, before moving on to minors like EUR/JPY.