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

Near-term Setups in DAX, AUDNZD, USDCAD & EURJPY
S1112.02 W R3116.25 S
S2110.81 M R2115.37 M
S3109.23 S R1114.11 W


Near-term Setups in DAX, AUDNZD, USDCAD & EURJPY

Trading highlighted setups in DAX, AUDNZD, USDCAD & EURJPY. Here are the updated targets and invalidation levels that matter.
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Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in DAX, AUDNZD, USDCAD & EURJPY
Expertise: Short-term Technicals
Average Time Frame of Trades: 1-2 Days


Pivot Points

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