The currency pair EURJPY links the relations between the euro and Japanese yen. The pair is rather a popular trading instrument in the international exchange market, which differs in high volatility. Economic data from the EU, Japan and the USA have the main impact on the currency pair. A remarkable feature of the couple is the long trends attracting to themselves lovers of long-term trading.
In trading with the currency pair EURJPY, the special attention should be paid to a risk management, which shall foresee the increased volatility of this tool. Japan is the export-oriented country, therefore, the Bank of Japan is interested in the maintenance of rather low national currency rate.
The major factors having the greatest impact on a currency pair are the ratio of interest rates in the EU and Japan, policy of the Central Bank of Japan, economic situation in the European Union countries, and the level of the current demand for production made in the Country of a rising sun in the world markets.