JPY/EUR: what to know
The JPY/EUR rate shows how much EUR you get for 1 JPY. Right now, 1 JPY buys 0.00563636 EUR at the mid-market rate. In the other direction, 1 EUR is worth 177.4194 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while EUR responds to ECB policy and eurozone growth.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the JPY/EUR rate has ranged between 0.00532690 and 0.00569133 — a change of -0.72% 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.