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Ethereum vs Japanese Yen

Ethereum vs Japanese Yen (ETHJPY)

The ETHJPY pair represents the exchange rate between Ethereum ETH, one of the leading cryptocurrencies, and the Japanese Yen JPY, the official currency of Japan.

-.-- -.--%
Annual change
-.--%
All time High / Low
662 / 624006
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
379847
High
389518

ETHJPY Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 400
  • Swap type: Points
  • Swap Long: -15
  • Swap Short: -15
  • Margin Group: FX Majors
  • Margin Currency: JPY
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of ETHJPY

The history of ETHJPY reflects the growth and evolution of Ethereum ETH in the Japanese market. When Ethereum was launched in 2015, it traded at a relatively low value against the Japanese Yen JPY. However, as Ethereum gained recognition for its smart contract capabilities and the broader adoption of cryptocurrencies, its price against the JPY gradually increased. The pair experienced significant volatility, with both bullish and bearish trends, mirroring the overall cryptocurrency market’s fluctuations.

crypto pair ethjpy

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Frequently Asked Questions

ETHJPY is a financial trading pair that represents the exchange rate between Ethereum ETH, a popular cryptocurrency, and the Japanese Yen JPY, the official currency of Japan. This pairing tells traders and investors how much Japanese Yen they need to purchase one Ethereum token or how much they can sell one Ethereum token for in Japanese Yen. It serves as a crucial benchmark for assessing the relative value of Ethereum in the Japanese market, helping individuals make informed decisions when trading or investing in Ethereum within the context of the Japanese economy.

To start trading ETHJPY, you will first need to sign up for an account on one of these exchanges, complete the necessary verification requirements, and either deposit Japanese Yen or Ethereum into your account. Once your account is set up, you can access the trading platform, select the ETHJPY trading pair, and place buy or sell orders based on your trading strategy. Be sure to familiarize yourself with the fees and trading rules specific to the exchange you choose before starting to trade.

The trading hours for ETHJPY can be found here

Popular trading strategies for the ETHJPY pair include day trading, where traders aim to profit from short-term price fluctuations within a single day, swing trading, which involves holding positions for several days or weeks to capture intermediate price swings, and long-term investing, where individuals buy and hold Ethereum for an extended period, betting on its long-term growth. Traders may also use technical analysis, chart patterns, and fundamental analysis to inform their trading decisions and risk management strategies like stop-loss orders to mitigate potential losses.

When trading the ETHJPY pair, consider factors such as market sentiment, fundamental analysis of Ethereum, technical analysis of price charts, news and events affecting both Ethereum and the Japanese Yen, global economic trends, and your own risk tolerance. Stay informed about cryptocurrency regulations in Japan, as regulatory changes can impact the market. Additionally, implement risk management strategies and consider using stop-loss orders to protect your investments from significant losses.