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.
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EURJPY chart

EURJPY chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
-2.37
Current
---
Chg. Open Interest
-14.5%
Outlook
Bullish

Pivot Points data provided by IG

Support & Resistance

EUR/JPY
S1130.35 M R3134.41 M
S2129.66 M R2133.05 M
S3128.52 M R1132.05 M
Trend
up
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Analyst Picks

James Stanley

James Stanley Currency Strategist

My Picks: AUD/JPY, EUR/JPY, EUR/USD, USD/CHF
Expertise: price action - macro
Average Time Frame of Trades: few days - few weeks

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Market Datadata provided by IG

Symbol Bid Ask Spread
Market Data figures are provided for the trading day.
Symbol Bid Ask Spread
Market Data figures are provided for the trading day.

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