How can You trade the EUR/JPY?
The most straightforward method is buying or selling a collection of euro or yen notes at your bank in their physical form, or more sensibly, via an online trading account. This may not be a very innovative or lucrative approach, but it is, perhaps, one of the easiest methods for beginners.
Another often popular option is trading futures, where you trade on the exchange rate without having to own the asset. Though it may sound simple enough, these positions carry a hefty risk. A trade that goes against the trader’s initial speculation could wipe out his or her balance.
Perhaps, the safest way is trading contracts for difference (CFDs) via a regulated veteran brokerage such as CMTrading. When you trade this kind of contract, you are speculating on the value of the currency pair when you opened your position versus its value when the trade closed. By trading these leveraged products, you will only need to invest a fraction of the actual cost.
What factors influence the EUR/JPY?
What to consider when trading the EUR/JPY?
Did you know?
Over the years, the Japanese yen’s market value saw many ups and downs.
By 1897, the currency was worth 50 American cents. The Japanese government adopted the gold standard that same year, which became the value of the yen.
The yen was pegged to the US dollar in 1949, and lost much of its market value when the US government decided to go off the gold standard in 1971.
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