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Discover the latest movements and expert technical analysis on the EUR/JPY currency pair, with an interactive live chart and a comprehensive list of brokers offering the lowest trading costs for this dynamic market.
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While not as heavily traded as currency pairs involving the USD, the EUR/JPY has some unique characteristics that make it worthwhile for some traders. Historically a low-yielding currency, the JPY is a favourite for traders who wish to carry trades; ie. borrow JPY cheaply and purchase EUR, historically a high-yielding currency.
Because carry-trading is more popular in times of economic stability and growth, the EUR/JPY is more affected by market sentiment than many other currency pairs. EUR/JPY traders also need to be aware of monetary policy in both the Eurozone and Japan. Because it is less commonly traded, spreads can be relatively wide for the EUR/JPY, averaging about 1.8 pips.
The table below shows the Forex brokers with the lowest trading costs for EUR/JPY, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of EUR/JPY.
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Broker | Official Site | Min. Spread | Commission | Cost of Trading (USD) Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission. | Ind. Avg. Spread | Ind. Avg. Trading Cost | International Regulators | Trading Desk | Hedging | Scalping | Compare | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 | 2.57 pips | USD 0 | USD 25.70 | 1.80 pips | USD 20.07 | 30:1 |         | Market Maker | Yes | Yes | |||
 | 3.60 pips | USD 0 | USD 36 | 1.80 pips | USD 20.07 | 30:1 |    | Market Maker | Yes | Yes | |||
 | 2.50 pips | USD 0 | USD 25 | 1.80 pips | USD 20.07 | 200:1 |   | Market Maker | Yes | Yes | |||
 | 1.00 pips | USD 0 | USD 10 | 1.80 pips | USD 20.07 | 30:1 |   | NDD | Yes | Yes | |||
 | 1.60 pips | USD 0 | USD 16 | 1.80 pips | USD 20.07 | 30:1 |   | ECN/DMA | Yes | Yes | |||
 | 1.80 pips | USD 0 | USD 18 | 1.80 pips | USD 20.07 | 30:1 |    | Market Maker | Yes | Yes | |||
 | 0.50 pips | USD 4 | USD 9 | 1.80 pips | USD 20.07 | 30:1 | | STP | Yes | Yes | |||
 | 0.59 pips | USD 7 | USD 12.90 | 1.80 pips | USD 20.07 | 500:1 | | Market Maker NDD | Yes | Yes | |||
 | 1.90 pips | USD 0 | USD 19 | 1.80 pips | USD 20.07 | 2000:1 | | STP | Yes | Yes | |||
 | 0 pips | USD 0 | USD 0 | 0 pips | USD 0 | 30:1 |   | Market Maker NDD | Yes | Yes |
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