EUR/JPY

Mixed

	Low
	High

Note: Low and High figures are for the trading day.

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.

Real Time News

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IG Client Sentiment

EUR/JPY Mixed

Net Long Net Short

Daily change in

Longs -2%

Shorts -4%

OI -3%

Weekly change in

Longs -47%

Shorts 109%

OI 37%

EUR/JPY IG Client Sentiment: Our data shows traders are now at their most net-long EUR/JPY since Jan 04 when EUR/JPY traded near 140.27.

2023-03-15 14:23:00

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.