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Euro / Japanese Yen (EUR/JPY)

Follow the Euro (EUR) against Japanese Yen (JPY). The Yen, established in 1871, is a key currency for global traders. Get insights at FP Markets Rwanda.
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Euro / Japanese Yen (EUR/JPY) Profile

The euro was released on 1 January 1999, following a decade of preparations: for the first three years, it was a 'invisible' currency, used exclusively for accounting purposes and electronic payments. Coins and banknotes were introduced on 1 January 2002, and the largest currency transition in history occurred in 12 EU countries.

The yen was first produced in 1869, following the Meiji Restoration, and was officially accepted as the basic unit in 1871 as part of the monetary reform. That year, the government prohibited the exchange of clan notes, paper money manufactured and circulated by feudal lords since the late 16th century.

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Euro / Japanese Yen (EUR/JPY) Trading FAQ

Despite the fact that you can theoretically trade forex 24 hours a day, there are moments when the EUR/JPY currency pair is more volatile. Between 7:30 a.m. and 15:30 p.m., the EUR/JPY is usually rather active (GMT).

Powerful trends only develop 30% of the time in the forex market. With similar odds, the market is naturally stacked against the retail forex trader. So, selecting the right currency pair to trade is significant. ... The EURJPY is actually the second-best currency pair that is trading

The value of the Japanese yen (JPY) and the Euro (EUR) can fluctuate based on interest rates. Other elements (inflation, GDP, employment, etc.) can also provide useful information about economic performance that affects the EUR to JPY pair.

As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as Interest rates have an important presenceon the value of JPY and EUR, which can cause volatility in the EUR to JPY rate. Other indicators also offer useful insights into economic performance (inflation, GDP, employment etc.) that affect the EUR to JPY pair.. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.

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