In yen pairs the pip is 0.01. Each pip is worth ¥1,000 per lot, so its value in dollars or euros changes with the exchange rate itself.
Position size
0.00 lots
Exact lot size —
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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 |
USDJPY: 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 25 pips away. Each pip is worth 1,000.00 JPY per lot, so the stop costs 25,000.00 JPY per lot: 100 ÷ 25,000.00 = 0.00 lots.
On USDJPY, 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 USDJPY is quoted in JPY, the calculator converts it to your account currency at the ECB exchange rate.
With a 25-pip stop, each lot loses ¥25,000. To risk ¥15,000: 15,000 ÷ 25,000.00 = 0.6000 lots, which rounded down to the 0.01 step is 0.60 lots.
At almost every MT4 and MT5 broker it is 0.01 lots (a micro lot), that is 1,000 USD, and each pip is worth ¥10 at that size.
For retail clients in the EU, ESMA caps USDJPY at 1:30. At a price of 150.000, 1 lot controls ¥15,000,000 and needs about ¥500,000 of margin.