EUR/JPY Live Forex Chart


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About

The EUR/JPY (Euro versus Japanese Yen) pairing is a widely traded currency pair. It features prominently on most day traders watch lists for its ability to deliver large pip moves.

The yield differential between the Euro and Japanese Yen makes this a popular pair for traders to fund carry trades. The traditionally low yielding Yen is sold and the proceeds are used to fund purchase a higher yielding currency: in this instance the Euro.

These types of trades are common when optimism about the global growth is high. When greater risk or stability in markets is expected, traders will unwind their positions in the pair. As a result the pair can see large moves based on market sentiment.

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