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
EUR/USD Shakes on German Political Risk: Setups Remain on Both Sides
S1131.43 W R3135.80 S
S2130.50 M R2134.41 M
S3129.66 S R1133.10 W
Trend
down
Volatility
5%

News


EUR/USD Shakes on German Political Risk: Setups Remain on Both Sides

This week opened with another dash of Euro-risk added to the equation, but EUR/USD recovered after a spill on the open. Setups remain on both sides of the pair as we start this holiday-shortened week.
Continue Reading


Euro Looks to Hold onto Gains During US Holiday Week


EUR/JPY Technical Analysis: Support Bent, but Not Broken


Are Euro Bears Done?


USD/JPY : A Bird in the Hand is Better Than Two in the Bush


Real Time News


Analyst Picks

Jeremy Wagner, CEWA-M

Jeremy Wagner, CEWA-M   

Head Forex Trading Instructor

My Picks: Close USDJPY Long
Expertise: Elliott Wave, Technical Analysis
Average Time Frame of Trades: Multiple Weeks


Pivot Points

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 fill out this field.
Please enter valid phone number
Please select a country

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

Read more articles on DailyFX

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

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous