EUR/JPY

EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). 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; they shun them at times of market stress. This makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair may likewise find volatility in news-flow related to the Eurozone debt crisis as well the extraordinary anti-deflation policy efforts from the Bank of Japan introduced in 2013.


Support & Resistance

EUR/JPY
EUR/JPY Technical Analysis: Sticking to the Range
S1112.78 W R3117.10 S
S2112.00 M R2115.37 M
S3110.00 S R1114.44 W
Trend
down
Volatility
19%
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News


EUR/JPY Technical Analysis: Sticking to the Range

After seeing aggressive Yen strength leading into August, EUR/JPY has built-in to a fairly consistent range over the past few weeks.
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Analyst Picks

Walker England   

Forex Trading Instructor

My Picks: EUR/JPY Short Pending Breakout
Expertise: Technical Analysis
Average Time Frame of Trades: 1 Day - 1 Week

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