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.
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 →
