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.
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 →