EUR/JPY News & Analysis

Recent EUR/JPY Forex News

Breaking Down a Wacky Canadian Dollar Trade

This latest USDCAD collapse is another bump for my trading, though the price action has been pretty crazy and it's worth reviewing my thought process here. 

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Looking for Lots of Reversals

Things are heating up into the mid-week and we're going to find out if many e...

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Even if the Bank of Canada Hikes....

We're coming off a wild Tuesday session and heading into what could be a much...

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AUDNZD on the Move and Doing Good Things

Really nice to see this big AUDNZD jump on Tuesday.

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Markets Extended on the Daily Charts

Here's an overview of all the markets technically extended on the daily chart...

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More Interesting in Cross Land Right Now

Today's focus is less about the major currencies and more about some crosses ...

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What About EURJPY?

EURJPY has been en fuego over the past several days. But with both EURUSD and...

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Explore Currency Pairs

The Euro cross with the Japanese Yen (EUR/JPY) currency pair is often used when traders are looking to play a major currency against a lower yielding funding currency. Market environments that are heavily sensitive to global sentiment will generally translate into a good amount of volatility for this pair. When sentiment is strong, it generally correlates with a higher rate, while deteriorating sentiment will have a weighing influence.

The Eurozone economy is the largest in the world amongst the developed markets and second largest in the world behind China. Meanwhile, the Japanese economy has been historically viewed as a safe haven economy, mostly because of its traditional low yield that acts as an incentive for investors to borrow Yen at very low rates and invest in traditionally higher yielding currencies to benefit from the attractive yield differential and a stable play into a highly liquid currency like the Euro. So if you’re looking to make a currency play that is tied to the direction in risk, but you're also looking for something a little less volatile than other Yen cross plays with wider yield differentials, the EURJPY cross rate could be the way to go.