The EUR/JPY currency cross (Euro/Japanese Yen) is the relation of the Euro against the Japanese Yen.
The EUR/JPY is quite volatile and can easily move 150-250 pips in one single trading day! The cross-currency gives one the possibility to convert euros directly into yens. (1 EUR per x JPY)
Forex Knowledge: Trading the Euro/Japanese Yen
- Typical broker spread: 1.3-5 pips
- Currency pair type: cross
- EUR/JPY Nickname(s): Yuppy or Euppy
- Most active trading sessions: Euro session and US session
- Most active trading hours: 6:00 GMT – 17:30 GMT and during major economic releases from Japan (Asian session)
- Average daily range (high-low): 208 pips
- Trading strategies to trade EUR/JPY: Click here
- Recommended level of trading experience: Advanced
- Value of one pip EUR/JPY: Variable
Economic Events That Move The Euro/Japanese Yen
A. EURO-ZONE
- Trade Balance (Euro Zone)
- Gross Domestic Product (Euro Zone)
- Consumer Price Index (CPI) (Euro Zone)
- ZEW Survey (Euro Zone)
- ECB Rate Announcement and Press Conference
- Current Account (Germany)
- Trade Balance (Germany)
B. JAPAN
- Trade Balance
- Merchandise Trade Balance Monthly
- Gross Domestic Product Quarterly (GDP)
- Tankan Survey
- Tertiary Industry Index
- Leading Economic Index
- Consumer Price Index (CPI)
- Domestic CGPI
- BoJ Monetary Policy Meeting and Announcement
- BOJ Monetary Policy Meeting Minutes
- BoJ Monetary Policy Monthly Report