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
FX Markets Wait on UK GDP, Euro-Zone Inflation, and FOMC Minutes
S1119.33 W R3122.15 S
S2118.55 M R2121.33 M
S3117.48 S R1120.35 W
Trend
down
Volatility
5%

News


FX Markets Wait on UK GDP, Euro-Zone Inflation, and FOMC Minutes

Central banks are back in the spotlight this week, either directly (FOMC minutes) or indirectly (Euro-Zone and Canadian inflation data).
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Real Time News


Analyst Picks

Ilya Spivak   

Sr. Currency Strategist

My Picks: Holding short EUR/JPY from 122.65
Expertise: Global macro
Average Time Frame of Trades: 1-6 months


Pivot Points

Forex Economic Calendar

A: Actual   F: Forecast    P: Previous