Tick chart for EURJPY, showing each change in the ask or bid price. (If the spread is
very tight then the lines may overlap, and only the ask line may be visible.)
As well as a plain tick chart, you can use the "Tick speed" mode to add an indicator showing how long it has taken
for the last N ticks to happen. The lower the histogram, the faster the market is moving.
The "Timed" mode still shows each change in the ask or bid price, but the X axis of the chart is set to
constant units of time. You can use this to view individual ticks while still being able to distinguish between
fast and slow periods in the market.
The "Candles" mode draws tick candles. These are candles which form each time that N ticks happen, rather than
The EURJPY pair is the abbreviation of the Euro against the Japanese Yen. The Yen is a historically
low-yielding currency, making an attractive vehicle to fund carry trades where traders borrow cheaply
in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor carry trades at times
of optimism about global economic performance and stability; and avoiding them at times of market stress.
This makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair usually finds
volatility in economic news related to the Eurozone debt crisis as well as the extraordinary anti-deflation
policy efforts from the Bank of Japan that were introduced in 2013.