EUR/JPY

(Euro / / Japanese Yen)

This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the ‘base currency’) is quoted in terms of JPY (the ‘counter currency’).

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; they shun them at times of market stress. This makes EUR/JPY sensitive to swings in broad-based market sentiment trends.

Product Specifications and Information

Product Name EUR/JPY
Trading Exchange Spot
leverage up to 1:400
Minimum Fluctuation 0.001
Spread 2 pips
Lot Size 100,000
Trading Hours Sunday 21.03 to Friday 20.58 GMT Time
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