EURJPY STATISTICS

The Euro against the Japanese Yen. EURJPY is one of the most liquid Euro crosses as it combines the popularity of Euro with the exporting performance of the Japanese economy. EURJPY is a very volatile Forex pair traded in tight spreads. The Yen is a traditionally low-yielding currency and that makes it suitable for carry traders who sell the Japanese Yen to buy higher-yielding currencies. EURJPY accounted for 1.9% of the Foreign Exchange market volume in 2016.

 

According to our data {2000-2018} these are the best months to go long/short on EURJPY:

BEST MONTHS FOR LONG TRADES (↑)

• MARCH, average returns +0.78%, times (13-6), and +1.10% momentum

RECENT 5 PERIODS: 3 bullish out of 5

RELIABILITY: not a very reliable seasonal pattern (☆☆)

• NOVEMBER, average returns +0.94%, times (12-6), and +0.35% momentum

RECENT 5 PERIODS: 4 bullish out of 5

RELIABILITY: a relatively reliable seasonal pattern after 2011 (☆☆☆)

• DECEMBER, average returns +2.27%, times (13-5), and +1.22% momentum

RECENT 5 PERIODS: 3 bullish out of 5

RELIABILITY: a relatively reliable seasonal pattern. Historically, many strong bullish movements occurred in December (☆☆☆☆)

BEST MONTHS FOR SHORT TRADES (↓)

• AUGUST, average negative returns -1.32%, times (5-14), and -0.18% momentum

RECENT 5 PERIODS: 3 bearish out of 5

RELIABILITY: not a very reliable seasonal pattern (☆☆)

 

The full statistics of the pair are presented in the book (licensed by G. Protonotarios): ► The Hidden Patterns Behind 15 Forex Pairs: Revealing Momentum and Seasonal Patterns Based on 18.5 Years of Daily Exchange Rates

 

◘ EUR/JPY Central Banks

» European Central Bank

» The Central Bank of Japan (BoJ)

 

■ EURJPY Forex Statistics

Source: TradingCenter.org (c)