EUR/JPY Forex Trading
EUR/JPY live charts
Our EUR/JPY live charts are an essential source of insight and information for traders who want to be in the know. FXOpen EU clients can examine the latest EUR/JPY forex rates, as well as the historic trends that put you firmly in the know. If you decide to trade EUR/JPY, you can access our live charts via our desktop client or smartphone app – so you can buy or sell on the move.
What is EUR/JPY trading?
The Euro/Japanese Yen pair combines two of the world's
most-traded currencies. Based on daily averages in 2019, the
Bank for International Settlements
found that only the US Dollar is more popular with forex
investors. With such high levels of activity, EUR/JPY trading
can promise the liquidity that creates real opportunities for
new and experienced traders.
EUR/JPY can also be relatively volatile when exposed to instability in the Japanese or Eurozone economies. Is it the trading option for you?
Key drivers of EUR/JPY prices
As a cross pair, you should check on the movement of
the EUR/USD and USD/JPY prices before you trade
EUR/JPY with FXOpen EU. It's also a useful idea for
traders to track energy commodities when taking up
positions on this pair. Japan imports much of its
energy from overseas, and JPY can show tangible
correlation with markets such as crude oil.
EUR/JPY live forex rates are especially sensitive to Japanese inflation figures. As such, Bank of Japan announcements can be a vital factor. The same is true for the European Central Bank too. Two further indicators that are useful if you trade EUR/JPY are global stock market performance and the publication of the Tankan Report – an important barometer of business confidence.
The best times to trade EUR/JPY
FXOpen EU lets you trade EUR/JPY at a time that's right for you using the customisable MT4, MT5 and TickTrader platforms. At FXOpen EU, the important thing to remember is that it's always your decision. To begin EUR/JPY currency trading, join us today – open your free account and make your money go further.