EUR-JPY Trading on Forex Market

Euro is the official currency pair of the EU. So, it’s using by European countries since 1999. We could observe an increasing trend had continued until the end of 2014 year. So, the parity reached to 149.00 level at 30.11.2014. After that, at the first quarter of 2015, we could observe a strong decrease on EUR / JPY parity. The prices decreased to 127.40 level in March 2015. But, in the middle of 2015, we could observe a positive trend and parity reached to 139.61 level. After this date, the negative – fluctuated trend has been continuing on the EUR / JPY parity on the global forex market.

Although lots of financial problems and higher unemployment rates in some EU countries today, Euro is continuing being one of the most powerful currencies of the world under today’s changing world conditions. So, we can say it’s an important safe harbor for the traders who are making trading on the global forex market. On the other hand, the Japanese economy had challenged with the deflation problem for 50 years, so they tried to solve this problem with incentives, bigger investments and tax solutions for the traders. Today, Japan economy is one of the biggest economies of the world under today’s world conditions. Finally, we can easily say the EUR / JPY parity is a major and safe parity on the global forex market.