Equity indices · Equity index · Japan
Japan equities perpetual (EWJUSDT) on QATS Prop
Japan equities (EWJUSDT) is a USDT-margined perpetual future you can trade on QATS Prop TradFi challenges, one of 33 instruments on that line. It is priced from Binance, takes leverage up to 10× on the current plans, trades around the clock and never expires.
Compiled by the QATS team from the live instrument catalogue · checked
EWJUSDT at a glance
- Symbol
EWJUSDT, a USDT-margined perpetual future with no expiry- Challenge
- QATS Prop TradFi challenges
- Priced from
- Binance
- Listed on
- Binance and Bybit
- Max leverage
- Up to 10× on the current plans, chosen per order
- Funding
- The exchange’s funding rate, paid or received at its funding times and added to the position’s P&L
- Risk day
- Starts at 17:00 Chicago time, an accounting boundary, not a pause
- Hours
- 24/7; the fund trades 09:30–16:00 New York
What is Japan equities?
Japanese equities: the large and mid-sized companies of the world’s fourth-largest economy.
EWJ tracks the MSCI Japan index: car makers, electronics groups, trading houses and banks. It is priced in dollars, so the value of the yen is part of the return.
Bank of Japan policy and the dollar-yen exchange rate are its main drivers. A weaker yen helps exporters’ profits but reduces the fund’s value in dollars, so the two effects pull against each other. On this venue it is thinly traded.
- Tracks
- MSCI Japan index
- Fund
- iShares MSCI Japan ETF
- Priced in
- US dollars, so the yen matters
What moves the price of Japan equities?
- Bank of Japan policy
- Rate decisions move the yen and Japanese bank shares.
- The yen
- Exchange-rate moves change both exporters’ profits and the dollar value of the fund.
- Global trade
- Tariffs and demand from the United States and China.
- Corporate reform
- Buybacks and governance changes have supported valuations.
What do traders watch?
- Bank of Japan meetings
- Dollar-yen exchange rate
- US trade policy
When does EWJUSDT trade?
The perpetual trades around the clock, but the stocks inside the fund trade in Asian hours and the fund itself in New York hours, so news from either session can move it.
What are the risks of trading Japan equities on a prop account?
- This is a perpetual contract: it has no expiry, and its price can sit slightly above or below the market it follows.
- The market it follows is closed at weekends. A position held through the weekend meets Monday’s opening price, which can be far from Friday’s close.
- Thin trading on this instrument: the spread is wider than on the US indices.
Related instruments
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Sources
Frequently asked questions
01Can I trade Japan equities with a prop firm?
Yes. Japan equities (EWJUSDT) is on QATS Prop TradFi challenges as a USDT-margined perpetual, priced from Binance. It is listed on Binance and Bybit, has no expiry and trades 24/7.
02What leverage can I use on EWJUSDT at QATS Prop?
Up to 10× on the current plans. You choose the leverage of each order up to that ceiling; the account’s daily loss limit and maximum loss still apply to the position.
03When can I trade EWJUSDT?
The perpetual trades around the clock, but the stocks inside the fund trade in Asian hours and the fund itself in New York hours, so news from either session can move it.
Educational content, not investment advice. This page describes what the market is and does not forecast its price. Evaluation and Funded accounts are simulated; Live Funded is real capital by separate review. Which instruments an account can trade is set by its plan and checked on every order.
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