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.
View More

EURJPY chart

EURJPY chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
-1.18
Current
---
Chg. Open Interest
8.7%
Outlook
Mixed

Pivot Points data provided by IG

Support & Resistance

EUR/JPY
S1129.66 M R3133.06 M
S2128.50 M R2132.05 M
S3127.50 M R1131.43 M
Trend
up

News


A Consistent but Slow EURUSD Slide May Turn Into a Euro Cascade

The Euro has found itself tipped into a painful retreat over the past five weeks - but really only against the US Dollar. That may soon change.
Continue Reading


Euro Forecast: EUR/USD Decline May Not Be Finished


A Steady Dollar Rally and Smallest SPX Range of 2018 Amid Trade Wars?


JPY Looking Attractive on Rising Risks Posed by North Korea and Italy


Euro Forecast: EUR/USD Weakness Can Resume if EZ CPI Declines Again


Real Time News


Analyst Picks

Michael Boutros

Michael Boutros Currency Strategist

My Picks: Near-term Setups in NZD/USD, AUD/USD and EUR/USD
Expertise: Technical
Average Time Frame of Trades: 1-3 Days


Get Your Free Top Trading Opportunities Forecast

Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from Daily FX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

Your forecast is headed to your inbox

DailyFX.com – the news, research and analysis website provided by IG – is one of the world's leading sources for news and analysis across currencies, commodities and indices.

Discover our extensive calendar of free educational webinars and test your trading skills, risk-free, with an IG demo account.

Read more articles on DailyFX

An error occurred submitting your form.
Please try again later.

Market Datadata provided by IG

Symbol Bid Ask Spread
Market Data figures are provided for the trading day.
Symbol Bid Ask Spread
Market Data figures are provided for the trading day.

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous