Meaning of EUR AND JPY:
EUR and JPY live charts are the statistical or graphical representation of EUR and JPY current exchange rate position in the forex market.so with the help of this live chart we can easily trade in the forex market.
This live chart helps to know the people that 1 EUR is equals to how many JPY.
EUR is the currency code of euro.
It is the official currency of Europe.JPY is the official currency of japan.
JPY is also known as yen . JPY is the third most traded currency in the forex market.
EUR and JPY is the abbreviation for the euro and japan JPy currency pair.
It shows how much the EUR (base currency ) is worth as measured against the jpy.
Watch : EUR JPY Live Chart
Is the Euro stronger than the dollar?
This is a popular question in the mind of every person.
So as per the forex trading market research USD is more stronger than EURO .
But EURO is also similar to the USD currency so if people can trade in the forex market they should try to trade in EUR also.
so if a person trades with Euro then also they get a good return.so as per my view is one and the same thing.
Watch : EUR/JPY Live Chart
HOW TO TRADE EUR JPY?
There are five forex markets i.e. spot, forward, future, swap etc.so here i will tell how to trade eur jpy in spot market.
In spot market if we try to trade EUR JPY than bank has to bye EUR USD and USD JPY to trade in EUR JPY pair.
First we have to buy EUR to sell USD and then second step isto buy USD to sell JPY. to trade EUR JPY we have also keep some things.
for example: what is the current exchange rate etc.
Why trade in EUR JPY?
Because, EUR JPY currency pair is smoother than other currency pairs and cross currency pairs can develop a strong trend as compared to the major currency pair.
To trade in EUR JPY pair we get the opportunity to insulate our trades from these spikes in price.
Watch : EURJPY Live Chart
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