EUR to JPY Exchange Rate

About EUR/JPY

The EUR/JPY currency pair represents the exchange rate between the Euro and the Japanese Yen. This is one of the most popular cross currency pairs and is heavily used in carry trades (borrowing in low-yielding JPY to invest in higher-yielding EUR). The pair is influenced by European Central Bank and Bank of Japan monetary policies, interest rate differentials, Eurozone and Japanese economic data, and global risk sentiment. EUR/JPY is particularly sensitive to changes in risk appetite—rising during risk-on periods and falling when investors seek the safety of JPY.