EUR/JPY: what to know
The EUR/JPY rate shows how much JPY you get for 1 EUR. Right now, 1 EUR buys 177.3167 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.00563963 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while JPY responds to Bank of Japan policy and global risk appetite.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the EUR/JPY rate has ranged between 175.7059 and 187.7264 — a change of +0.64% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.