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
Video: Keeping Track of Deeper Fundamental Currents for the Euro
S1122.25 W R3125.13 S
S2121.47 M R2124.04 M
S3119.90 S R1123.08 S
Trend
down
Volatility
75%

News


Video: Keeping Track of Deeper Fundamental Currents for the Euro

It may be difficult to envision for one of the most battered fundamental currencies among the majors over the past years, but eventually the Euro will start to gain in anticipation of a monetary policy reversal.
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EUR/JPY Technical Analysis: Prior Support, New Resistance


Don’t Be Surprised if You See More of the Same from the Euro


EUR/JPY Technical Analysis: Digging Deeper into the Wedge


Japanese Economy Recovers in 1Q GDP Data, Investors Unconvinced


Real Time News


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


Pivot Points

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