How much is 1 pip in USDJPY ?
C
@chris_4eva
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9 months ago
When trading USD/JPY a pip is 0.01 and the value can be found when you apply this simple formula (0.01/Exchange Rate) x Number of Units.
So, if you want to trade 100,000 units of USD/JPY and the current price is 151.71, the value of 1 pip will be (0.01/151.71) x 100,000 = 6.56 USD