EURJPY chart

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
Why EUR/JPY May be the Most Loaded FX Pair In the Week Ahead
S1134.41 W R3138.14 S
S2133.02 M R2137.09 M
S3132.05 S R1136.10 W
Trend
down
Volatility
5%

News


Why EUR/JPY May be the Most Loaded FX Pair In the Week Ahead

EUR/JPY will likely be the most fundamentally leveraged exchange rate through the week ahead - though it would also be a very unattractive trading vehicle for that same intensity.
Continue Reading


ECB, BoJ Headline Next Week as USD Tries to Carve Out Support


EUR/JPY Technical Analysis: Trend-Line Bounce into Resistance Zone


A Weekly Technical Perspective on USD/JPY, EUR/JPY, Crude Oil


Euro Turns to 2017’s Final CPI Figures After ECB Minutes Hint at Faster Exit


Real Time News


Analyst Picks

Tyler Yell, CMT

Tyler Yell, CMT   

Forex Trading Instructor

My Picks: Tactically Bearish EUR/JPY
Expertise: Technical Analysis and Intermarket Analysis
Average Time Frame of Trades: 3-5 weeks


Pivot Points data provided by IG

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