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
Webinar: Dollar Prospects Hinge on Yellen- EUR, GBP Setups Favored
S1130.03 S R3133.56 S
S2129.45 M R2132.27 S
S3128.50 S R1131.67 M
Trend
down
Volatility
100%

news


Webinar: Dollar Prospects Hinge on Yellen- EUR, GBP Setups Favored

The greenback is trading just above key confluence support with the USD crosses in focus to start the week. Here are the updated targets & invalidation levels that matter.
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Real Time News


Analyst picks

Walker England   

Forex Trading Instructor

My Picks: EUR/JPY Short Pending Breakout
Expertise: Technical Analysis
Average Time Frame of Trades: 1 Day - 1 Week


Pivot Points

Forex Economic Calendar


JPY Eco Watchers Survey: Current
m
A: 46.6
F: 48.4
P: 48.7

EUR Euro-Zone Sentix Investor Confidence
m
A: 6.0
F: 7.4
P: 9.6

JPY Machine Tool Orders (YoY)
m
A: 
F: 
P: -25.70%

EUR German Trade Balance (euros)
m
A: 
F: 20.0b
P: 20.5b

EUR German Industrial Production n.s.a. and w.d.a. (YoY)
m
A: 
F: -0.6%
P: 0.1%

JPY Housing Loans (YoY)
m
A: 
F: 
P: 2.4%
A: Actual   F: Forecast    P: Previous