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EUR-JPY Binary Options
Binary options provide the ability to trade a number of currency pairings. Traders can choose from USD/GBP, GBP/JPY, AUD/GBP, USD/NZD, EUR/GBP etc. An interesting but somewhat complex combination can be found in EUR JPY currency pair.
The Eurozone has faced a period of uncertainty over recent years. The sovereign debt crises in Greece, Spain, Portugal and Italy have stifled the zone and required significant cash injections. Germany has grown but is not delivering to the level analysts would normally expect. With 23 countries making up the Euro it is a strange blend of very different economies. The diversity of the commercial sectors represented in the Eurozone, and the massive geographical coverage of exports, makes the EURO a mixed asset. The EURO behaves like an Index of European Countries.
Japan is the 3rd largest economy in the World. It is heavily dependent on exports of its electronic and automobile products. (e.g. Sony and Toyota) The Japanese YEN is a complex currency to understand. Where most countries’ currencies are best when strong the YEN is the opposite. A weak YEN makes the country’s exports more competitive on the global stage. Binary options traders should therefore be aware of the intricacies of the YEN.
EUR JPY currency pair
The highest rate the EUR/YEN has been in the last decade is 169.57 and the lowest 94.30. The current rates sits at 119.11 (Jan 2013). Experienced traders are able to make significant profits from the trade of the EUR JPY currency pair. With such great volume and volatility there are plenty of lucrative trades on offer for those that can avoid the pitfalls.
EUR-JPY binary options brokers
Are you confident that you can make money by trading EUR-JPY?
Below is a list of high quality places that offer EUR-JPY binary options:
All the brokers` reviews you can find here are tested, varified and approved by our experts. That is why you can be sure that after having chosen any of EUR-JPY binary options brokers from our list you will get an excellent trading experience. More over, you can easily find binary options videos together with other various education materials almost in every broker. We hope that EUR-JPY binary options trading will become a new interesting and captivating activity that will bring you high payouts.
Take our Trading Simulator and Financial Calculator, don`t loose your chance to learn your level of knowledge and skills of trading EUR-JPY. After that you will be able to have the personal consultation from the financial broker`s expert for free. Also, you are welcome to join our Chief Membership where you will be provided with more advantages and rewards from binary options specialists. Now you have an unique opportunity to learn binary trading from its most attractive side, so do not stop and good luck!