EURJPY chart by TradingView

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
Euro Turns to CPI, PMI Data Ahead of German Elections
S1133.32 W R3136.65 S
S2132.36 M R2135.75 M
S3131.15 S R1134.41 W
Trend
down
Volatility
5%

News


Euro Turns to CPI, PMI Data Ahead of German Elections

The Euro remains well-supported by improving fundamentals and a central bank seemingly on the precipice of a shift to tighter monetary policy.
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Real Time News


Analyst Picks

James Stanley

James Stanley   

Currency Strategist

My Picks: bearish GBP/JPY, bullish EUR/JPY
Expertise: price action, macro
Average Time Frame of Trades: few days - few weeks


Pivot Points

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