EUR/JPY

Forex Broker	Trust Score	Min. Depo	Max. Leverage
RoboForex	99	$10	1:2000
Exness	98	$1	1:2000
Forex4you	98	$1	1:1000
XM	97	$5	1:888
FXOpen	96	$1	1:500
InstaForex	96	$1	1:1000
Evolve Markets	96	$1	1:1000
Pepperstone	96	$200	1:400
Deriv	96	$5	1:150
LiteFinance	96	$50	1:500
AvaTrade	96	$100	1:400
Dukascopy	96	$100	1:200
IQ Option	95	$1	1:500
SimpleFX	95	$1	1:500
ForexMart	95	$15	1:3000
OANDA	95	$1	1:50
Saxo Bank	95	$2000	1:200
City Index	95	$250	1:30
Interactive Brokers	95	$10000	1:100
XTB	95	$1	1:30
YCM-Invest	95	$200	1:200
FXCM	94	$1	1:400
Questrade FX	94	$1000	1:200
IG	94	$1	1:50
CMC Markets	94	$1	1:500
iFOREX (Vestle)	94	$100	1:30
FXGlory	93	$1	1:3000
FIBOGroup	93	$1	1:1000
FXDD	93	$250	1:30
ActivTrades	93	$10	1:400
GCI	93	$500	1:400
DeltaStock	93	$100	1:200
TradeView Forex	93	$100	1:400
One Financial Markets	92	$250	1:30
Ingot Brokers	92	$100	1:400
ATC Brokers	92	$5000	1:200
Windsor Brokers	92	$50	1:500
Finq	92	$100	1:300
FXCL	92	$1	1:1000
Admirals	91	$100	1:500
Advanced Markets	91	$100	1:200
PFD	91	$1	1:300
Royal	91	$50	1:30
AAFX Trading	90	$100	1:2000
CPT Markets	90	$500	1:500
AAAFx	90	$300	1:30
ICM Brokers	89	$250	1:400
Markets.com	89	$100	1:300
HF Markets	89	$1	1:2000
Spread Co	89	$160	1:10
AccentForex	89	$50	1:500
Profiforex	87	$1	1:500
Trader’s Way	87	$1	1:1000
IC Markets	86	$200	1:500
Grand Capital	86	$10	1:500
Axiory	86	$10	1:777
FXFlat	86	$500	1:400
ICM Capital	86	$200	1:30
easyMarkets	85	$25	1:2000
NPBFX	85	$10	1:1000
IFC Markets	85	$1	1:400
NordFX	84	$10	1:1000
Axi	84	$1	1:500
Blackwell Global	83	$1	1:200
ThinkMarkets	83	$1	1:2000
Weltrade	83	$1	1:500
GBE brokers	83	$500	1:30
Traders Trust	82	$50	1:3000
XGLOBAL Markets	82	$100	1:30
NSFX	81	$300	1:50
CLMarkets	81	$100	1:500
AMarkets	80	$100	1:3000
Swissquote	80	$1000	1:100
Hirose Financial UK	80	$1	1:30
TenkoFX	80	$10	1:500
TMS Brokers	80	$1000	1:30
Invast Financial Services	80	$100	1:400
Hantec Markets	80	$1000	1:30
Darwinex	80	$10000	1:200
FirewoodFX	80	$10	1:1000
Cornèr Trader	79	$1	1:200
Tickmill	79	$100	1:500
FX Choice	79	$100	1:200
Key To Markets	78	$100	1:500
WesternFX	78	$25	1:500
Forex.ee	78	$10	1:500
LCG	78	$10000	1:200
PhillipCapital	77	$200	1:200
Valutrades	77	$100	1:400
FXPRIMUS	76	$15	1:1000
MTrading	76	$10	1:1000
ADSS	76	$200	1:500
Capital Index	76	$100	1:200
TrioMarkets	75	$100	1:30
FxGrow	75	$100	1:100
Trade Nation (ex-Core Spreads)	75	$1	1:240
Alvexo	75	$500	1:300
LMFX	75	$5	1:1000
Titan FX	74	$200	1:1000
ForexChief	74	$10	1:1000
VARIANSE	74	$500	1:30
CM Trading	74	$100	1:200
SuperForex	74	$1	1:1000
Gerchik & Co	74	$100	1:100
AAATrade	73	$1	1:200
OffersFX	73	$200	1:400
FX Giants	73	$100	1:30
Milton Markets	72	$50	1:1000
JFD Brokers	72	$500	1:400
BDSwiss	71	$100	1:400
Land-FX	71	$300	1:500
CIBFX	71	$500	1:200
LQDFX	71	$20	1:1000
TegasFX	70	$200	1:200
FP Markets	70	$100	1:500
Fortrade	70	$500	1:100
Ally Invest	69	$1	1:50
FXPIG	69	$200	1:500
Global Prime	69	$200	1:200
TriumphFX	69	$100	1:500
Swiss Markets	69	$200	1:500
World Forex	69	$1	1:500
Global Market Index	69	$15	1:2000
ATFX	68	$200	1:30
Big Boss	67	$1	1:1111
Capital Street FX	67	$100	1:3500
ETO Markets	67	$200	1:30
Equiti	67	$500	1:500
Coinexx	66	$7	1:500
Alpari	66	$1	1:1000
Libertex / Forex Club	65	$1	1:600
HYCM	65	$20	1:325
eToro	65	$200	1:400
GOMarkets	65	$200	1:500
Plus500	64	$100	1:300
BMFN	64	$50	1:400
Vantage	63	$50	1:500
FBS	63	$5	1:3000
PaxForex	63	$10	1:500
IronFX	63	$100	1:30
Orbex	62	$100	1:500
Octa (ex-OctaFX)	62	$25	1:500
FreshForex	62	$1	1:2000
JustMarkets	62	$1	1:3000
Capital.com	62	$20	1:30
Axiance	60	$100	1:500
EagleFX	60	$10	1:500
CryptoRocket	60	$10	1:500
LonghornFX	60	$10	1:500
FxPro	59	$100	1:50
MultiBank	59	$50	1:500
CedarFX	59	$10	1:500
Trive	59	$1	1:30
Trade8	59	$1	1:300
INFINOX	58	$100	1:30
Fondex	58	$250	1:30
One Global Market	58	$500	1:30
SquaredFinancial	57	$250	1:30
ACY Securities	57	$50	1:500
Blueberry Markets	57	$100	1:500
Credit Financier Invest	57	$1	1:30
Olymp Trade	57	$2	1:500
TIOmarkets	57	$1	1:200
LegacyFx	57	$500	1:200
PrimeXBT	56	$1	1:1000
Just2Trade	56	$100	1:500
XBTFX	56	$10	1:500
Purple Trading	56	$100	1:30
AMP Global	56	$100	1:50
Scandinavian Capital Markets	55	$10000	1:100
Dizicx	55	$100	1:400
VPFX	55	$100	1:500
Juno Markets	54	$25	1:500
Eightcap	54	$100	1:500
Fxview	54	$50	1:500
M4Markets	54	$5	1:1000
Skilling	54	$100	1:1000
Yadix	54	$100	1:500
NAGA	53	$250	1:500
Anzo Capital	53	$100	1:1000
SmartFX	53	$200	1:400
Forex24	53	$2000	1:400
ForexTB	53	$250	1:30
CryptoGT	51	$25	1:500
FXGT	51	$5	1:500
Milton Prime	51	$300	1:500
XtreamForex	51	$5	1:1000
Trading 212	50	$10	1:30
Moneta Markets	50	$50	1:500
AZAforex	50	$1	1:1000
MarketsVox (ex-ForexVox)	50	$100	1:2000
AdroFx	50	$25	1:500
Fusion Markets	50	$1	1:500
TOP1Markets	50	$100	1:100
LMAX Global	49	$10000	1:30
TMGM	49	$100	1:500
VT Markets	49	$200	1:500
AETOS	49	$50	1:200
Eurotrader	48	$50	1:500
LiquidityX	48	$250	1:30
Evest	48	$250	1:400
CryptoAltum	48	$100	1:500
Colmex Pro	48	$2000	1:30
Sage FX	47	$10	1:500
Number One Capital Markets	47	$1	1:1000
GANNMarkets	47	$100	1:400
Esperio	47	$1	1:1000
Trading.com	46	$5	1:30
Solid ECN	45	$1	1:1000
RockGlobal (ex-Rockfort Markets)	45	$200	1:500
Investizo	45	$10	1:1000
Crystal Ball Markets	45	$50	1:1000
FinPros	45	$100	1:500
Lirunex	45	$25	1:2000
Baxia Markets	45	$10	1:500
zForex	44	$10	1:1000
Strifor	44	$2000	1:500
Finteria	44	$100	1:500
Wonderinterest	44	$50000	1:30
Hankotrade	43	$10	1:500
Headway	43	$1	1:2000
Mitrade	43	$50	1:200
CapitalBear	42	$10	1:500
Golden Brokers	41	$100	1:100
PU Prime	40	$20	1:1000
Jetvix	40	$10	1:500
Gulf Brokers	40	$100	1:500
XB Prime	40	$10	1:500
Otet Markets	39	$100	1:3000
Doto	38	$1.5	1:500
CA Markets	38	$20	1:500
FXTM	38	$10	1:2000
FXGlobe	38	$250	1:30
OnEquity	38	$25	1:500
Forex.com	35	$250	1:200
BlackBull Markets	35	$50	1:500
CapitalCore	35	$10	1:2000

The EUR/JPY currency pair, which represents the Euro against the Japanese Yen, is a prominent player in the Forex market. It holds significance for both beginners and experienced traders due to its liquidity, volatility, and the intriguing dynamics between the Eurozone and Japan.

Historical Context

The history of EUR/JPY can be traced back to the introduction of the Euro as a currency in 1999. Since then, this pair has witnessed various ups and downs influenced by global economic events. One notable event was the financial crisis of 2008, which led to a significant drop in the pair’s value as investors sought the safety of the Japanese Yen. On the flip side, the Eurozone debt crisis in 2011 also had a profound impact on EUR/JPY.

Economic Factors

When trading EUR/JPY, it’s crucial to keep an eye on economic indicators. The Gross Domestic Product (GDP), interest rates, and employment data from both the Eurozone and Japan play a pivotal role. The European Central Bank (ECB) and the Bank of Japan (BoJ) decisions on interest rates have a direct impact on this pair’s movement. Comparing the two economies reveals the Eurozone’s larger GDP and Japan’s reputation for being a safe-haven currency during times of uncertainty.

Technical Analysis

In terms of technical analysis, traders often look at recent trends and patterns. EUR/JPY can exhibit distinct trends that traders can capitalize on. It’s common to use support and resistance levels, moving averages, and other technical indicators to identify entry and exit points. Always remember that historical data can provide valuable insights into potential future movements.

Fundamental Analysis

Geopolitical events and economic reports can greatly influence the EUR/JPY pair. For instance, the outcome of Brexit negotiations impacted the Euro, and the Bank of Japan’s monetary policies have been a driving force for the Yen. By staying updated on these events and their potential effects, traders can better anticipate the pair’s valuation.

Broker Analysis

Different Forex brokers offer various conditions for trading EUR/JPY. It’s essential to compare spreads, leverage, and other trading conditions before choosing a broker. Some brokers may provide unique features like advanced charting tools and educational resources tailored specifically for this pair.

Trading Strategies

For traders eyeing EUR/JPY, a few strategies stand out.

Trend Following: This strategy involves capitalizing on well-established trends. When the pair is in a clear upward or downward trend, traders can enter positions in the direction of the trend, aiming to profit from its continuation.
Range Trading: Range-bound markets can provide opportunities for traders. In this strategy, traders identify key support and resistance levels and trade within that range.
News Trading: Given the impact of economic and geopolitical events, some traders prefer to trade around major announcements. They enter positions before news releases and hope to profit from the resulting price volatility.

Effective risk management is vital when trading EUR/JPY. Given its volatility, setting stop-loss orders and managing position sizes are essential to protect your capital.

Conclusion

In conclusion, EUR/JPY offers a fascinating playground for traders with its historical significance and economic intricacies. As with any currency pair, success depends on a trader’s ability to analyze both technical and fundamental factors and select an appropriate strategy.

Remember, in the world of trading, “It’s not about being right; it’s about making money.” And as traders often say, “Don’t put all your eggs in one currency pair!” Diversification is key to managing risk in your Forex endeavors.

In my personal experience, trading EUR/JPY has been both thrilling and challenging, but it’s the thrill of the chase that keeps us traders coming back for more. Happy trading, fellow currency warriors!