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 the 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 as 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 of +2.74%
→ MARCH, with positive average returns of +1.19%
→ NOVEMBER, with positive average returns of +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 |
PLATFORMS |
ACCOUNT |
INFORMATION |
REGULATED BY:
US TRADERS: NO EUROPE: YES |
EURJPY SPREADS: 0.0 pip on Raw Spread Account & $7 per lot commissions 1.0-1.5 pip on Standard Account without trading commissions |
PLATFORMS: □ MetaTrader-4 □ MetaTrader-5 □ cTrader SCALPING: YES
|
$200 Minimum Account for all trading platforms FUNDING METHODS
|
Wide Asset Index and Fast Order Execution WEB-SITE: |
REGULATED:
US TRADERS: NO EUROPE: NO |
EURJPY SPREADS: 0.0 pip on Raw Spread Account & $7 per lot commissions 1.0-1.5 pip on Standard Account without trading commissions
|
PLATFORMS: □ MetaTrader4 □ cTrader SCALPING: YES |
$200 Minimum Deposit Amount FUNDING METHODS
|
WEB-SITE (EUROPE NO): REVIEW: ► Review
|
PAIRS: » EURUSD | » GBPUSD | » USDJPY | » USDCAD | » EURGBP | » AUDUSD | » NZDUSD
◙ EURJPY ANALYSIS
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