



Product Type: CurrenciesMarket: Global
Trading Hours: 24 hours, Mon-Fri.
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EUR/JPY is a heavily traded cross-currency of the second and third most popular currencies in the world. The euro is the single currency of 19 of the 28 European Union (EU) member states, and the Japanese yen is the official currency of the "Land of the Rising Sun". Japan and the EU bloc have two of the most substantial and most trade-reliant economical areas in the world. Together, they account for more than 30% of global domestic product, and a significant portion of international trade in goods and services. The EUR/JPY major enjoys exceptional levels of liquidity and volatility and is a common constituent of many institutional and individual traders.

Interesting Facts:

  • With a population of over 500 million, the EU has a combined nominal gross domestic product (GDP) growth that represents 22% of overall global nominal GDP and 17% of total global GDP purchasing power parity (PPP) – making it the 2nd largest geographically-connected economy after that of the US.
  • Changes in the exchange rates of other JPY cross currency pairs, such as the GBP/JPY and CHF/JPY, also tend to affect the EUR/JPY.