Live chart for EURJPY. Analyse the price action using the chart's 100+ technical indicators and 50+ drawings tools.
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The EURJPY pair is the abbreviation of the Euro against the Japanese Yen. 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; and avoiding them at times of market stress. This makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair usually finds volatility in economic news related to the Eurozone debt crisis as well as the extraordinary anti-deflation policy efforts from the Bank of Japan that were introduced in 2013.