Convert EUR to JPY
The EUR/JPY currency pair typically experiences a movement of around 80 pips on average.
The EUR/JPY forex pair touched a high of 127.09 on 1 September 2020. This was the strongest level this pair has seen so far this year.
Trade is an important contributor to both Eurozone and Japanese economies. A trade surplus, when exports outnumber imports, lends support to the economy and strengthens the currency, while a trade deficit weakens the currency. For instance, if the trade surplus of Japan comes in better than forecast for a particular period of time, it gives a boost to the JPY, causing EUR/JPY to trade bearish.