How to trade
EUR/JPY

The forex market is vibrant all over the world. That includes the connection between the European Union’s economy and the Far Eastern focus on hi-tech and automotive businesses. Everybody eager how to trade EURJPY should keep tabs on factors influencing its price.

How to trade EURJPY?

Trading EURJPY requires general knowledge about the European Union’s vast economic domain and Japan’s storied economic resilience. SimpleFX provides an opportunity for investors willing to learn how to trade EURJPY without entering open waters unprepared. A demo account on the platform gives investors a chance to start trading without real financial assets.

After switching to a live account, investors can experience trading without minimum deposit and trade commissions. Moreover, the SimpleFX platform gives access to tools enabling conducting technical and fundamental analysis.

What is the best time to trade EURJPY?

Timing is essential in forex. That’s why investors plan their movements, primarily focusing on periods with the highest number of traders worldwide, even if the forex market is open 24/5. The alignment with the prime trading hours of the European Union and Japan brings much interest.

There is a noticeable time window of enhanced liquidity when the London Stock Exchange and the New York Stock Exchange overlap. Excluding rare exceptions, this period stands between 1 PM and 5 PM GMT. Navigating this window, traders may experience increased market activity, but they must always stay alert to the volatility inherent in peak times.

Is the EURJPY price going up or down?

Forecasting the actual future EURJPY price is impossible. Even so, traders should pay constant attention to up-to-date information regarding factors influencing price fluctuations. These span from the EU’s economic indicators, fiscal policies, and regional stability to Japan’s monetary policies, technological advancements, and trade dynamics.

The unpredictability of the market means even well-researched decisions carry inherent risks, which drives investors to stay updated all the time.

Investors can check the current EURJPY price on the chart above or the SimpleFX Webtrader platform.

Is EURJPY a popular currency pair?

As a major currency pair, EURJPY is one of the most popular assets in the forex market. The connection between the EU’s economic expanse and Japan’s prowess gives traders a chance to diversify their portfolios and broaden their trading horizons.