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
Webinar: Weekly Trading Q&A: Prepping for July FOMC Decision and Impact on USD-pairs
S1129.47 W R3133.50 S
S2128.50 M R2132.05 M
S3127.86 M R1131.05 W
Trend
down
Volatility
5%

News


Webinar: Weekly Trading Q&A: Prepping for July FOMC Decision and Impact on USD-pairs

DailyFX Senior Currency Strategist Christopher Vecchio outlines trade setups in USD-pairs ahead of the FOMC rate decision.
Continue Reading


EUR/JPY: Continuation or Correction- Range Break to Offer Opportunity


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Preview for ECB Rate Decision and Outlook for EUR-crosses


Dollar Stems the Bleeding but ECB Has Power for EUR/USD Trend


Real Time News


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


Pivot Points

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