The major currency pair EUR/JPY, or the ‘Yuppy’, features two of the most popularly traded currencies in the world. It’s based on the value of the euro against the Japanese yen. The price of EUR/JPY shows how many yen (quote currency) are needed to buy one euro (base currency). The yen is a historically low-yielding currency, making it popular for carry trades, where traders can buy higher-yielding currencies such as the euro for a cheaper price. The EUR/JPY may be sensitive or volatile to news such as Japanese deflation and the ongoing European debt crisis. View our EUR/JPY live chart now and start spread betting or trading CFDs.
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