Usdjpy

[Segwin]

In Tools, Instruments, USDJPY (and all other JPY crosses the tick size, by default, is 0.001. Is there a reason for this?

Thank you,

Terence

[NinjaTrader_JamesC]

Hello Terence,

Yes, JPY based pairs use .01 for a pip value instead of .0001. If you check out the link below to the Ninjatrader help guide for NT8 it gives a good example under the "Pip Calculation Mode" section.

https://ninjatrader.com/support/helpGuides/nt8/en-us/?working_with_forex.htm

Please let us know if we may be of further assistance.