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

S

steve0617

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.

Thanks
 
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