EUR/JPY Pip Value
EUR/JPY is a JPY-quoted cross, so pip size = 0.01 (not 0.0001). A move from 165.00 to 165.01 is 1 pip. Pip value in USD ≈ USD/JPY / 100 per mini-lot. For a ZAR account, convert to rand via USD/ZAR.
At USD/JPY = 154 and USD/ZAR = 18.00: pip value ≈ (1,000 JPY × 18.00 ÷ 154) ≈ R116.88/pip/standard lot.
| Lot Size | Pip value (USD) | Pip value (ZAR @ 18.00) |
|---|---|---|
| 0.01 | ~$0.065 | ~R1.17 |
| 0.10 | ~$0.65 | ~R11.69 |
| 1.00 | ~$6.49 | ~R116.88 |
EUR/JPY pip value changes as USD/JPY moves throughout the day. Use the calculator above for live values.
| Instrument class | Cross pair |
|---|---|
| One pip | 0.01 |
| Standard lot | 100,000 EUR |
| Value of one pip per lot | 1,000 JPY — converting… |
| Notional value of one lot | — |
| Margin on one lot at 1:30 / 1:100 / 1:500 | — |
The last two rows move with the market and are filled in from the live rate; everything above them is fixed by the contract. Leverage available to you depends on your regulator and account type — check it in the platform before you size a position.
| Currency | Central bank | Policy rate | What moves it |
|---|---|---|---|
| EUR | European Central Bank (ECB) | Deposit facility rate | ECB · HICP · PMI |
| JPY | Bank of Japan (BoJ) | Short-term policy rate | BoJ · CPI · intervention signals |
Spreads are tightest when two sessions are open at once and widest when one desk has gone home and the next has not arrived. The shaded band is the overlap.
What Drives EUR/JPY
EUR/JPY is driven by the ECB/BoJ rate differential (currently very wide — ECB rates above 3%, BoJ near-zero). The pair tends to fall sharply when global risk appetite deteriorates (JPY safe-haven demand) and rise when risk appetite is strong (carry trade: borrow JPY, buy EUR). ECB decisions and BoJ interventions are the key scheduled events.
Values are for educational purposes. Verify specifications with your broker before trading. Full pip value table →
