EUR/JPY Exchange Rate Today — Live Chart and Analysis

EUR/JPY is an exchange rate that specifies how many JPY (Japanese Yen) can be converted into one EUR (Euro), therefore the base currency is EUR and the price currency is JPY. If this rate declines, it means that JPY appreciates relative to EUR and if this rate increases it means that the JPY depreciates against the EUR. There are many macroeconomic factors/events (fundamentals) that affect EUR/JPY exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between Eurozone and Japan, the latter imports 1.6% of Eurozone's total exports, whereas Eurozone imports 11.5% of Japan's total exports. The largest component of Eurozone's exports are machinery, nuclear reactor, boiler products and vehicles whereas Japan's largest export components are vehicles, machinery, nuclear reactor and boiler products. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.