EURJPY chart by TradingView


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

Forex Webinar: Euro-Zone PMIs Miss Expectations, Euro Steady
S1123.77 W R3126.47 S
S2123.22 M R2125.82 M
S3121.95 M R1125.31 W


Forex Webinar: Euro-Zone PMIs Miss Expectations, Euro Steady

In this webinar we discuss trade setups in the Euro and other assets before and after the release of a slightly disappointing set of purchasing managers’ indexes for the Euro-Zone.
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Analyst Picks

Ilya Spivak   

Sr. Currency Strategist

My Picks: Short EUR/JPY at 124.03
Expertise: Global macro
Average Time Frame of Trades: 1-6 months

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