One of the most volatile pairs. The pip is 0.01 and is worth ¥1,000 per lot, converted to your currency at the day’s rate.
Position size
0.00 lots
Exact lot size —
Trade diagram
Live market
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| Size | Lots | Units | Pip value |
|---|---|---|---|
| Standard | 1.00 | 100,000 | 1,000.00 JPY |
| Mini | 0.10 | 10,000 | 100.00 JPY |
| Micro | 0.01 | 1,000 | 10.00 JPY |
GBPJPY: 1 pip = 0.01 in price. Values in JPY, the currency it is quoted in; the calculator converts them to your account currency.
Specification checked on (standard in MT4 and MT5).
A $10,000 account, 1% risk ($100) and a stop 40 pips away. Each pip is worth 1,000.00 JPY per lot, so the stop costs 40,000.00 JPY per lot: 100 ÷ 40,000.00 = 0.00 lots.
On GBPJPY, 1 pip is a move of 0.01 in the price. With 1 lot (contract size 100,000) it is worth ¥1,000; with 0.10 lots, ¥100, and with 0.01 lots, ¥10. As GBPJPY is quoted in JPY, the calculator converts it to your account currency at the ECB exchange rate.
With a 40-pip stop, each lot loses ¥40,000. To risk ¥15,000: 15,000 ÷ 40,000.00 = 0.3750 lots, which rounded down to the 0.01 step is 0.37 lots.
At almost every MT4 and MT5 broker it is 0.01 lots (a micro lot), that is 1,000 GBP, and each pip is worth ¥10 at that size.
For retail clients in the EU, ESMA caps GBPJPY at 1:30. At a price of 208.000, 1 lot controls ¥20,800,000 and needs about ¥693,333 of margin.