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
post-ECB, BoJ Price Action Setups
S1119.90 W R3123.70 S
S2118.35 M R2122.88 M
S3117.45 S R1121.95 W
Trend
down
Volatility
5%

News


post-ECB, BoJ Price Action Setups

This morning brought two key Central Bank rate decisions to markets, and in this webinar, we looked at price action setups to follow over the next couple of weeks based on these prevailing themes.
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Real Time News


Analyst Picks

Jeremy Wagner, CEWA-M   

Head Forex Trading Instructor

My Picks: Long EUR/JPY
Expertise: Elliott Wave, Technical Analysis
Average Time Frame of Trades: Multiple Weeks


Pivot Points

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous