The European Currency (Euro) against the Japanese Yen –Nickname Euppy

EURJPY ANALYSIS

The European Currency (Euro) against the Japanese Yen –Nickname Euppy

CENTRAL BANK

ECB

BoJ

FOREIGN CURRENCY RESERVES

51.373 Million USD

1.199.651 Million USD

 

EURJPY Preface:

EURJPY is one of the most liquid Euro crosses as it combines the popularity of Euro with the exporting excellence of the Japanese economy. EURJPY is a very volatile Forex pair offered by Forex brokers in narrow spreads. The combination of tight spreads and daily volatility makes EURJPY ideal for Forex trading. The Yen is a traditionally low-yielding currency and that makes it suitable for carry traders who sell the Japanese Yen and buy higher-yielding currencies, such is NZD and AUD.

 

EURJPY Monthly Statistics:

These are the monthly average returns of EURJPY based on 15 years of daily data.

CALENDAR MONTH

AVERAGE MONTHLY RETURNS

TIMES

(↑)

TIMES

(↓)

AVERAGE DAILY VOLATILITY

JANUARY

-0.56%

8

7

1.127%

FEBRUARY

0.67%

8

7

1.074%

MARCH

1.19%

11

4

1.093%

APRIL

0.84%

9

6

1.019%

MAY

-1.21%

9

6

1.054%

JUNE

0.70%

10

5

0.974%

JULY

-0.29%

7

8

0.880%

AUGUST

-1.77%

3

12

0.938%

SEPTEMBER

0.64%

10

5

1.017%

OCTOBER

-1.07%

8

7

1.079%

NOVEMBER

0.88%

10

5

1.050%

DECEMBER

2.74%

11

4

0.882%

 

Best Months to Trade the EURJPY:

()-LONG TRADES

According to data during 2000-2014 the best months to go long on EURJPY are:

→ DECEMBER, with positive average returns +2.74%

→ MARCH, with positive average returns +1.19%

→ NOVEMBER, with positive average returns +0.88%

()-SHORT TRADES

According to 2000-2014 data the best months to go short on EURJPY are:

→ AUGUST, with negative average returns -1.77%

→ MAY, with negative average returns -1.21%

→ OCTOBER, with negative average returns -1.07%

 

EURJPY Monthly Statistics Chart:

This is the EURJPY Monthly Performance Chart.

Chart: EURJPY Average Returns (%) per Calendar Month

Most Volatile Days of the Week to Trade the EURJPY

These are the most volatile days to trade EURJPY based on the average pip range of each day of the week.

Monday

Tuesday

Wednesday

Thursday

Friday

135 pips

180 pips

160 pips

225 pips

190 pips

 

Best Intraday Times to Trade the EURJPY:

In general, the best time to trade EURJPY is between 06:00 GMT and 16:00 GMT.

Graph: Forex Markets Hours GMT (Eastern Time = GMT - 05:00)

 

Forex Brokers and EURJPY Trading

These are some EURJPY Forex Brokers.

FOREX BROKER

EURJPY SPREADS

EURJPY SWAPS

PLATFORMS

ACCOUNT

INFORMATION

» XM

REGULATED:

CySEC, MiFID

US TRADERS: NO

EURJPY SPREADS:

2.7 pips

 

LONG (↑)

$ -0.55

SHORT (↓)

$ -0.22

□ Web Trader

□ MirrorTrader

□ MetaTrader4

SCALPING: YES

$50 minimum deposit

WELCOME BONUS:

40-100%

WEB-SITE:

Visit XM

REVIEW:

Review

» FXCC

REGULATED:

FCA UK

US TRADERS: NO

EURJPY SPREADS:

2.1 pips typical

LONG (↑)

$ -0.26

SHORT (↓)

$ -0.02

□ MetaTrader4

□ Sirix WebTrader

SCALPING: YES

$100 Minimum Deposit Amount

WELCOME BONUS:

30-100%

WEB-SITE:

Visit FXCC

REVIEW:

Review

» IC MARKETS

REGULATED:

ASIC (Australia)

US TRADERS: NO

EURJPY SPREADS:

1.0-1.5 pip

 

 

(N/A)

□ MetaTrader4

□ cTrader

SCALPING: YES

$200 Minimum Deposit Amount

WELCOME BONUS:

0%

WEB-SITE:

Visit IC Markets

REVIEW:

Review

 

 

PAIRS: » EURUSD | » GBPUSD | » USDJPY | » USDCAD | » EURGBP | » AUDUSD | » NZDUSD

 

EURJPY ANALYSIS

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