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EUR/JPY

Euro (EUR) to Japanese yen (JPY) exchange rate.

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Product Type: CurrenciesMarket: Global
Trading Hours:  24 hours, Mon-Fri.
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Description:

EUR/JPY is a heavily traded cross currency of the second and third most popular currencies in the world. The euro is the single currency of 19 of the 28 European Union (EU) Member States, and the Japanese yen is the official currency of the "Land of the Rising Sun". Japan and the EU bloc have two of the strongest and most trade-reliant economical areas in the world. Together, they account for more than 30% of global domestic product, and for a major portion of international trade in goods and services. The EUR/JPY major enjoys exceptional levels of liquidity and volatility, and is a common constituent of many institutional and individual traders.   

Interesting Facts:

  • Euro (sometimes referred to as fibre) and yen (nicknamed “The Ninja”) are both among the Big 4 Major foreign exchange currencies. The euro is the 3rd most held reserve currency in the world, and the yen is the 5th. Together, they account for a little more than a quarter of all global reserves.
  • With a population of over 500 million, the EU has a combined nominal gross domestic product (GDP) growth that represents 22% of overall global nominal GDP and 17% of overall global GDP purchasing power parity (PPP) – making it the 2nd largest geographically-connected economy after that of the US.
  • Japan’s economy is the 3rd largest in the world by nominal GDP and the 4th largest by PPP. The country boasts a world-leading industry sector and is home to many of the world’s top automobile makers, steel manufacturers, and producers of consumer electronics.
  • Changes in the exchange rates of other JPY cross currency pairs, such as the GBP/JPY and CHF/JPY tend to also affect the EUR/JPY.