Stupid n00b question-how much $ is this move on EURJPY

Discussion in 'Forex' started by steve0617, Jun 5, 2008.

  1. Sorry that this is such a dumb ass question but the decimal points are screwing me up.

    Hypothetical trade:

    Assume one is long the EURJPY and it moves from 161.669 to 164.711 for a total profit of of 3.042.

    What does that mean in profit per contract, assuming trading in US dollars?

    Again, sorry for the stupid question but I'm not a forex guy and I'm trying to explain the international currency market to a coworker of mine.

  2. ssblack


  3. ssblack