Euro vs Japanese Yen •EURJPY•

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EURJPY

EURJPY is the abbreviation for the Euro and Japanese Yen. The cross currency pair shows how much the EUR (base currency) is worth as measured against the JPY (counter currency). Historically, the Japanese Yen has maintained low-interest rates making it an attractive carry trade currency used to purchase other higher yielding currencies. The Euro cross is in most cases associated with strong movements, and this is not an exception for the EURJPY pair. As both currencies are under the significant impact of the U.S. dollar, it is important to observe the leading indicators of the U.S. economy to predict the future movement of this trading instrument. The currency pair is becoming increasingly popular among investors as it benefits from numerous technical and fundamental indicators.

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