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EURJPY

EXCHANGE RATE OF EURJPY ON FOREX

EUR/JPY is a currency pair that represents the ratio of the Japanese yen to the euro, where the euro is the base currency, and the yen is quoted. The pair shows how much the euro costs in Japanese yens. This tool is one of the most popular in the foreign exchange market, as both currencies represent different economic zones. This means that absolutely different factors influence their change. Experienced traders, who can predict yen rate jumps, prefer this currency pair. Changing its value can make trade both profitable and wasteful. It is difficult to predict the rate fluctuations, therefore, to use this tool; a trader should have experience in technical analysis.

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