EUR to JPY Exchange Rate
LIVEEuro to Japanese Yen
Currency Converter
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Exchange rate: 1 EUR = 157.00 JPY (approximate)
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.
Quick Facts
Currency Pair:
EUR/JPY
Base Currency:
Euro (EUR)
Quote Currency:
Japanese Yen (JPY)
Central Banks:
ECB & Bank of Japan
Trading Hours:
24/5 (Forex Market)
Frequently Asked Questions
What does EUR/JPY mean?
EUR/JPY is the value of one Euro quoted in Japanese Yen. The Euro (set by the European Central Bank) is the base currency and the Yen (set by the Bank of Japan) is the quote currency. It is a cross pair, meaning it does not include the US Dollar.
What moves the EUR/JPY exchange rate?
Policy divergence between the ECB and the Bank of Japan is a major driver, as is global risk sentiment: the Yen is widely treated as a safe-haven currency, so it tends to strengthen when investors turn cautious. Carry-trade flows that seek out interest-rate differences also influence the pair.
When is the best time to trade EUR/JPY?
Activity is highest when the European session overlaps with the tail of the Asian session or the start of London trading. EUR/JPY is known for relatively large swings, and because both currencies float, the rate changes continuously while markets are open.