Euro / Japanese Yen

EUR/JPY Pip Value

The most traded yen cross, pairing the euro against Japan's low-yielding currency.

EUR/JPY is the most liquid of the yen crosses — effectively the market's benchmark for trading European currencies against Japan's. Like all JPY-quoted pairs it uses a 0.01 pip size, making a standard lot worth ¥1,000 per pip; at a USD/JPY rate of 150 that is about $6.67 per pip in a dollar account, and the value moves as the yen does.

The cross sits between its parents in temperament: livelier than EUR/USD, calmer than GBP/JPY, with typical daily ranges around 100 pips. It carries a strong risk-sentiment signature — when equities rally, yield-seeking flows lift EUR/JPY, and in risk-off episodes the yen bid knocks it lower — so it often functions as an FX expression of the broader risk trade. ECB policy on one side and Bank of Japan policy shifts on the other set the longer trend; BoJ surprises in particular have produced some of the pair's largest single-day moves. Convert pip risk precisely with the calculator below.

Base currency
EUR
Quote currency
JPY
Pip size
0.01
Pip value (standard lot)
Depends on the current rate — see calculator
Open in the pip value calculator, pre-filled for EUR/JPY

How EUR/JPY pip value works

Pip value is the monetary change in a position from a one-pip move in the exchange rate, for a given position size.

pip value (quote currency) = pip size × units traded. EUR/JPY is JPY-quoted, so pip size is 0.01.

Because the quote currency is JPY (not USD), pip value must be converted at the current JPY/USD rate — enter that rate in the pip value calculator.

Frequently asked questions

What is the pip size for EURJPY?
0.01 — JPY-quoted pairs use 0.01.
What is the pip value for EURJPY?
Pip value depends on the current JPY/USD rate since the quote currency (JPY) isn't USD — use the pip value calculator with today's rate for an exact figure.
What does EURJPY mean?
Euro / Japanese Yen: the base currency is EUR and the quote (counter) currency is JPY. The price shows how many JPY it takes to buy 1 EUR.
What is EURJPY known for?
The most traded yen cross, pairing the euro against Japan's low-yielding currency.
How do I size a position on EURJPY?
Use the lot size calculator with your account risk % and stop-loss in pips — it applies this pair's pip size automatically.

More forex pair references

See all forex pair references, or size a trade with the pip value calculator and the forex lot size calculator.

Reference last reviewed 2026-07-07. Pip size and quote/base currency conventions rarely change, but always confirm against your broker's contract specs.