TRADING EDUCATION: EUR JPY
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TRADING EDUCATION: EUR JPY

The EURJPY is known colloquially within forex trading as the ‘Euppy’ (pronounced Yuppy).

 

The schedules for many EURJPY traders roughly follow exchange hours, centring their activity between the London and New York Stock Market times. Due to the time differential between the EUR (Frankfurt) and the JPY (Tokyo), Japanese and Euro Zone, data releases can cause significant spikes in trading volume with the EURJPY as for the most part when data is released only one half of the pair is being actively traded.

 

In terms of forex patterns and our in-house EURJPY forecast because both currencies within the EURJPY are reserve currencies and the JPY is a traditionally a low-yielding currency, it is often used as a mechanism to carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies).

 

As a result, the EURJPY tends to see meaningful volume increases to the Short/Long side during clear economic trends with the direction of the pair often reflecting market sentiment regarding world economic data. This makes EURJPY very sensitive to swings in broad-based market sentiment trends.

CURRENCY PAIR CORRELATIONS:  EUR JPY

EURJPY weekly Correlations

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EURJPY Daily Correlations

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Primary Trading Times For The EUR JPY

EURJPY Volatility Days of the Week

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EURJPY Trading Times

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Major Economic News Events affecting the EUR JPY

CENTRAL BANK DATA

ECB – Interest Rate Decision

ECB – Monthly Inflation Report

BoJ – Monetary Policy stimuli

ECB – Monetary Policy stimuli

BoJ – Interest Rate Decision

ECB – President Appearing before the EU Parliamentary Committee on Economic and Monetary Affairs

Employment Numbers

German – Unemployment Rate

German – Employment Change Data

Japanese – Average Earnings Growth

Japanise – Employment Change Data

Euro Zone – Unemployment Rate

Japanise – Unemployment Rate

Consumer Spending & Inflation

Retail Sales Growth

German – Retail Sales Growth

German – CPI and Core CPI Inflation

IFO Business Climate Index

Euro Zone – CPI and Core CPI Inflation

German – Factory Orders

Japanise – Retail Sales Growth

Japanise – National CPI & Core CPI Inflation

Economic Sentiment & GDP

European Sentix Investor Confidence Index

Market Manufacturing and services PMI

German – GDP Growth

Euro Zone Industrial Production Growth

German ZEW Economic Sentiment

Japanise – Industrial Production Growth

Euro Zone – GDP Growth

Japanise – Balance of Trade

German – Euro Zone Industrial Production Growth

Japanise -Tertiary Industry Activity Index

PRIMARY IMPORT EXPORT SECTORS: EUR JPY

EURJPY imports working

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EURJPY exports working

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