About EUR/JPY
What moves it
- The euro side (European Central Bank)
- ECB policy relative to the Fed, euro-area inflation and growth surveys (PMIs), and energy prices.
- The Japanese yen side (Bank of Japan)
- The gap between Japanese and foreign bond yields, Bank of Japan policy shifts, and risk sentiment — the yen often strengthens when markets fall.
When it is most active
Most active during the Tokyo and London sessions. The Tokyo–London handover is often when it starts to move.
- Tokyo
- London
See which sessions are open now, in your time zone
Pip value
One pip is 0.01. On a standard lot of 100,000 EUR, a one-pip move is worth 1,000 JPY. Your broker converts this into your account currency at the current rate.
Calculate pip value and position size
Trading notes
- In risk-off periods money tends to flow into the Japanese yen, so EUR/JPY often reacts to stock-market sell-offs.
Educational information only — not a recommendation to trade EUR/JPY. Prices and technical summaries come from TradingView and can differ slightly from your broker’s feed.