EUR/JPY (Euro / Japanese yen) — Live Rate, Chart & Analysis
EUR/JPY is the most traded "cross" rate (a major pair that does not include the US dollar). It expresses the Eurozone-Japan economic spread and is widely used as a risk-sentiment thermometer: EUR/JPY rallies in risk-on regimes and sells off…
About EUR/JPY
EUR/JPY is the most traded "cross" rate (a major pair that does not include the US dollar). It expresses the Eurozone-Japan economic spread and is widely used as a risk-sentiment thermometer: EUR/JPY rallies in risk-on regimes and sells off in risk-off. The pair carries the combined volatility of EUR/USD and USD/JPY and so often produces wider intraday ranges than either pair alone, typically 60-100 pips and frequently more around major catalysts. Liquidity is best during the London session and the London-Tokyo overlap. Drivers include ECB and BoJ policy, Eurozone and Japan inflation, and global equity volatility. NewFXT shows EUR/JPY live quotes alongside ECB and BoJ rate context and AI-generated commentary.
EUR/JPY FAQ
What is EUR/JPY?
EUR/JPY is the exchange rate of the euro against the Japanese yen. It is the most actively traded cross-rate (a pair that does not include the US dollar) and a popular risk-sentiment proxy.
Why is EUR/JPY a risk gauge?
The yen strengthens during risk-off episodes and the euro is moderately pro-cyclical, so EUR/JPY amplifies the global risk signal: it rises when risk appetite improves and falls when investors flee to safety.
How is EUR/JPY priced?
EUR/JPY is derived from EUR/USD multiplied by USD/JPY. As a result, the pair carries the combined volatility of both legs.
When is EUR/JPY most active?
EUR/JPY is most liquid during the London session (08:00 to 16:00 UTC) and around ECB or BoJ policy announcements. The Tokyo session adds a second active window.