The EUR/JPY
Euro/ Japanese Yen

The EUR/JPY is extremely well-known since it combines the volatility of the JPY with the ever popular EUR, making it one of the more powerful pairs to trade with.

Since 2010, this pair has been known to have one of the highest trading volumes out of all the JPY.

Most technical traders tend to closely follow and trade the EUR/JPY as it offers a relatively low spread compared to other FX crosses and often presents reversal trends that are easier to spot.

Facts:

• The 3 most popular EUR crosses are the EUR/JPY, EUR/GBP and EUR/CHF.
• While most of the time this pair is called ‘Euro Yen’, it is also sometimes known as ‘Yuppy’ or ‘Euppy’.
• The Japanese Yen was officially adopted by the Meiji government in 1871 and is the third most traded currency in the foreign exchange market.

EUR/JPY Trading Features

• The EUR/JPY is one of the most highly traded currency pairs in the Forex Market, accounting for a significant percentage of trading volume worldwide. Given this fact, this pair is extremely active as it offers significant trading opportunities.
• This pair is usually more volatile when the Asian and European Markets are both open and overlapping one another.
• Carry traders are very fond of this pair due to large differences between the European and Japanese interest rates. 

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