Convert EUR to JPY - Euro to Japanese yen Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE EUR/JPY EXCHANGE RATE
The EUR/JPY symbol represents the currency pairing of the Euro against the Japanese yen in the forex market, and is a popular choice for traders looking to earn some profits. The Euro is the second most popular and liquid currency in the forex market and is considered a reserve currency like the US dollar, owing to the market's faith in the stability and strength of the Eurozone economy.The Japanese yen is the official currency of Japan - the world's third biggest economy, and is considered one of the most popular safe haven currencies that receives significant attention in times of heightened economic and geopolitical uncertainties. The EUR/JPY currency pair is heavily influenced by the market sentiment - a risk-on sentiment strengthens the EUR and weakens the JPY, sending this pair on a bullish run, and vice versa.In addition, the exchange rate of the EUR/JPY forex pair also sees fluctuations on the release of important economic data from the Eurozone as well as Japan, including GDP, inflation, unemployment rate, trade balance, retail sales, consumer confidence, PMI readings for manufacturing and services sectors, business sentiment and industrial production. Monetary policy and interest rate decisions announced by the European Central Bank (ECB) and the Bank of Japan (BOJ) also drive price action in this currency pair.
EUR to JPY CONVERSION RATES
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EUR to JPY CHARTS
EUR/JPY Live Chart
EUR/JPY Historical Chart
EUR to JPY EXCHANGE RATE - FAQ
How volatile are EUR and JPY?

The EUR/JPY currency pair typically experiences a movement of around 80 pips on average.

What was the highest value of EUR/JPY this year?

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.

How does trade balance affect the exchange rate of EUR/JPY?

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.