19/12/2022
A “pip” is the unit of measurement to express the change in value between two currencies. If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
Most pairs go out to 4 decimal places, but there are some exceptions, like Japanese yen pairs (they go out to two decimal places). For example, for EUR/USD, it is 0.0001, and for USD/JPY, it is 0.01.
