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Euro - Yen Chart

EUR/JPY
Mixed
Clock icon 1h
Last updated: May 23, 2024
Low
High
of clients are net long. of clients are net short.
Average True Range
Total Intraday Range (% of ATR)
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.

Support & Resistance

Pivot Points

S3 169.787
S2 169.853
S1 169.876
R1 169.942
R2 169.985
R3 170.051
P 169.919
Daily Classical Pivot Points. Last Updated: May 23, 2024
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Real Time News

DailyFXTeam May 23, 2024
IG Client Sentiment Update: Our data shows the vast majority of traders in Oil - US Crude are long at 79.61%, while traders in EUR/JPY are at opposite extremes with 78.93%. See the summary chart below and full details and charts on DailyFX: https://t.co/QeYdESR2tp https://t.co/yUL8wd5TKu
2024-05-23 10:45:01
DailyFXTeam May 23, 2024
IG Client Sentiment Update: Our data shows the vast majority of traders in Oil - US Crude are long at 82.56%, while traders in EUR/JPY are at opposite extremes with 79.43%. See the summary chart below and full details and charts on DailyFX: https://t.co/QeYdESR2tp https://t.co/ec53I1txqX
2024-05-23 07:45:01
DailyFXTeam May 23, 2024
IG Client Sentiment Update: Our data shows the vast majority of traders in Oil - US Crude are long at 82.28%, while traders in EUR/JPY are at opposite extremes with 79.10%. See the summary chart below and full details and charts on DailyFX: https://t.co/QeYdESR2tp https://t.co/6eEa0CjC1Y
2024-05-23 04:30:01

IG Client Sentiment

Sentiment chart

In this article, we conduct a thorough analysis of retail sentiment on the Japanese yen across three popular currency pairs: USD/JPY, EUR/JPY and GBP/JPY. In addition, we examine various scenarios shaped by contrarian market signals

Related News & Analysis

pages/technicalSentiment.related-events

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Economic Calendar

14:00:00
M
Consumer Confidence Flash (May)
A:
F: -14.2
P: R: -14.7
23:30:00
H
Inflation Rate YoY (Apr)
A:
F:
P: R: 2.7%
23:30:00
M
Core Inflation Rate YoY (Apr)
A:
F: 2.2%
P: R: 2.6%
23:30:00
M
Inflation Rate Ex-Food and Energy YoY (Apr)
A:
F:
P: R: 2.9%
23:30:00
L
Inflation Rate MoM (Apr)
A:
F:
P: R: 0.2%
03:35:00
L
3-Month Bill Auction ()
A:
F:
P: R: 0.0413%
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