One of the most popular trading instruments on the international forex market is the EUR to JPY pair. By using the Euro as base currency and the Japanese Yen (JPY) as the counter-currency, it brings together the two most-traded currencies in the world. According to Bank for International Settlements research, the combined daily average trading volume is more than $3.2tn.

As it can often prove to be volatile, traders can capitalize on significant opportunities to achieve healthy returns using the EUR to JPY pair. It is even possible to secure attractive profits in a short timeframe. It is also possible to use this pair as part of carry trading strategies. The Yen is a low-yielding currency that historically acts as a safe-haven option in times of economic unrest.

First introduced in 1999, the Euro has now been adopted as the official currency of 19 European Union (EU) member states. Sweden, Denmark and Poland are among the member states yet to adopt the Euro, but who are expected to do so in the future. It has grown in prominence since its launch to become one of the world’s most important currencies.

In contrast, the Japanese Yen dates back to 1871 and is also used as a reserve currency behind the US Dollar, Euro and British Pound. It was regarded as one of the world’s best-performing in 2018, which underlines its appeal with forex traders. The Japanese government’s ongoing policy of keeping interest rates low is another feature that attracts investors to the Yen.

For the latest trading information, use our EUR to JPY chart. With the data shown, traders can monitor the current performance of the EUR to JPY pair in real time. OANDA can calculate up-to-the-minute mid-market rates using our unique pricing engine – ensuring you have the most appropriate information to make your decisions. The chart does not offer any guarantee of future performance.