EUR/JPY Pip Value
EUR/JPY is a JPY-quoted cross pair, so pip size = 0.01 (not 0.0001). A move from 165.00 to 165.01 represents exactly 1 pip. Pip value in USD is approximately USD/JPY ÷ 100 per mini-lot. For an INR account, the USD pip value is then converted to rupees using the prevailing USD/INR rate.
At USD/JPY = 154 and USD/INR = 83.50: pip value ≈ (1,000 JPY × 83.50 ÷ 154) ≈ ₹542.21/pip/standard lot.
| Lot Size | Pip Value (USD) | Pip Value (INR @ 83.50) |
|---|---|---|
| 0.01 | ~$0.065 | ~₹5.42 |
| 0.10 | ~$0.65 | ~₹54.22 |
| 1.00 | ~$6.49 | ~₹542.21 |
EUR/JPY pip value in INR fluctuates as both USD/JPY and USD/INR move during the trading session. 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 primarily shaped by the interest rate differential between the European Central Bank and the Bank of Japan — currently one of the widest in the G10 space, with ECB rates above 3% while the BoJ maintains a near-zero stance. The pair typically weakens sharply when global risk sentiment deteriorates, as the Japanese yen attracts safe-haven demand. Conversely, it tends to rally during risk-on environments as traders employ the classic carry trade: borrow cheaply in yen and invest in higher-yielding euro assets. For Indian traders monitoring this pair, key scheduled events include ECB monetary policy meetings and any BoJ policy statements or currency intervention signals.
Values shown are for educational purposes only. Always verify contract specifications with your broker before placing trades. Note that resident Indians are generally subject to RBI/SEBI regulations governing forex trading. Full pip value table →