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EURJPY

On this page, you will find news and analysis of the EURJPY pair. You will also find a live and advanced technical analysis chart for the EUR to JPY exchange rate.
What is the EURJPY?
EURJPY is the financial symbol of the exchange rate between the Euro and the Japanese yen. It is typically categorized under “crosses” and is considered as a minor currency pair, this is because it does not involve the US dollar. Regardless of this label, however, EURJPY is one of the most popularly traded currency pairs because both the euro and the yen are also held as currency reserves by economies all over the world; just like the US dollar.

Related currencies: EURUSD – EURCHF – EURGBP.

Thus, you will notice that the spread or the cost in trading EURJPY is lower than other crosses. It is also a volatile, a feature that attracts forex traders as it allows them to trade more frequently. 
What Factors Drive the EURJPY?
The price of EURJPY is largely dictated by announcements from the European Central Bank (ECB) and the Bank of Japan (BOJ). These are the monetary authorities that decide on the interest rates of the eurozone and Japan that consequently affect the euro and the yen directly.

Economic news from the eurozone like GDP, CPI, PMI reports, and employment data also tends to have a significant impact on the currency pair. On the other hand, economic reports from Japan do not spark much volatility on EURJPY. This is probably because Japan has been stuck in a decades-long deflation. On top of that, BOJ has one of the most expansionary policies among major central banks and Japanese policymakers are rarely able to catch market participants off-guard.

Lastly, in EURJPY investing, the trader must also be aware of sentiment analysis. The Japanese yen is regarded as a safe haven asset. This means that it tends to perform well on news that raises concerns among investors (such as political uncertainty, war, and signs of slower global growth). On the other hand, the Japanese yen tends to weaken in times of risk appetite or when investors are driven by their need to make higher returns on their investments. Understanding market sentiment will help the trader be better in forecasting the direction of EURJPY.

Forex
·Jun 30, 2022, 07:17 BST

EUR/JPY Prediction: Triple Top Points to a 2% Pullback

The EUR/JPY price has surged to the highest point since 2015 as the Japanese yen sell-off intensifies. The EUR to...
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Forex
·Jun 22, 2022, 12:40 BST

EUR/JPY Outlook: Carry Trade Opportunity Emerges Despite Correction

The EUR/JPY is down 0.52%, as the bulls take a back seat at the site of a previous high, setting...
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Forex
·Jul 12, 2021, 12:33 BST

EUR/JPY Finds Support at 130 Ahead of the Bank of Japan’s Decision

The EUR/JPY cross found strong support at the 130 round number. It is the second time in a row since...
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Forex
·Jul 02, 2021, 09:26 BST

EUR/JPY: Another Attempt to 130 Expected

The Japanese yen pairs were one of the strongest currency pairs part of the FX dashboard in 2021. The EUR/JPY,...
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Forex
·Jun 10, 2021, 10:09 BST

EUR/JPY Waiting for the ECB Decision – Bearish While Below 134

The EUR/JPY cross pair is bearish while below the 134 level, where it met strong resistance. With only a few...
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EUR to GBP
Forex
·May 28, 2021, 08:52 BST

EUR/JPY Meets Dynamic Resistance While Testing 134

If there is one currency pair that traded with a bid tone this year, it is the EUR/JPY cross. The...
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EUR to GBP
Forex
·May 03, 2021, 10:26 BST

EUR/JPY Rising Wedge Signals Possible Reversal

The euro started the trading month on a strong note, and the EUR/JPY pair reflects it perfectly. The pair declined...
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eurusd
Forex
·Apr 20, 2021, 08:50 BST

EUR/JPY Pushes Above 130 – Is It A False Breakout?

The EUR/JPY pair appears to have broken out of a horizontal consolidation that resembles a bullish flag. According to the...
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Forex
·Apr 15, 2021, 09:05 BST

EUR/JPY : Double Top and Triangle as a Reversal Pattern Spells Trouble for Bulls

The EUR/JPY pair forms a triangle against strong resistance and is in danger of putting a double top pattern. The...
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Forex
·Mar 31, 2021, 08:53 BST

EUR/JPY Bullish Price Action Points to 131 or Above

One of the most interesting trading setups in March 2021 came from the EUR/JPY market. The pair formed a rising...
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