Currency pair EUR / JPY (Euro / Japanese Yen)

The national currency of Japan is one of the world's reserve currency and instrument for international payments, although it is greatly inferior to the U.S. dollar. At present, Japan is very low kratkos ¬ rochnye interest rates , so large amounts of savings and the funds invested in European assets. Speculation on the movement of prices pairs EUR / JPY is mainly based on the difference in interest rates in Japan and the Eurozone.
Cross- currency pair EUR / JPY - EUR / JPY was formed on 1 January 1999 and is still actively traded on the Forex market today.
In the pair has its own peculiarities.

Euro has a direct quotation, and the Japanese yen - the opposite, with an increase in the price chart of this pair of Euro increases and decreases Yen, the Euro is the most high-yielding currencies and Japanese yen - low-income.

The economy of the rising sun is very dependent on exports, so the central bank of Japan is interested in the low yen against other currencies. The minimum price change of currency in the Forex market is measured in points, where a pip is 0.0001, which is less than one U.S. cent. Japanese Yen - the amount is very small, for this reason that the foreign exchange market decided to quote a more convenient: in the currency pair EUR / JPY one pip is 0.01.
There is a relationship of cross-rate EUR / JPY currency pairs EUR / USD and USD / JPY.
Cross-rate EUR / JPY - is the result of multiplying the EUR / USD USD / JPY. Monitoring the movement of interconnected steam helps break through their use of technical resistance levels, as signals for trading decisions. The decrease to a critical minimum schedule currency pair USD / JPY could trigger the growth of cross-rate EUR / JPY, which will create the conditions for profit-taking.
The direction of the currency pair chart EUR / JPY exchange rate is similar to the direction of the currency pair CHF / JPY - Swiss Franc / Japanese Yen, but the changes occur earlier and faster.
For beginners, the currency pair EUR / JPY may seem complex and unpredictable, but is popular among experienced traders because of the high volantilnosti - trends in the prices of currency, because the variability is essential for short-term transactions in the financial market. In terms of economic growth in the euro area and the pressure on the yen because of the geopolitical threat from North Korea, trade with the cross EUR / JPY can give good results in the Forex market.
Currency fluctuations in the pair EUR / JPY is quite small, but there are days when the currency trend makes big jumps. Especially when the central bank of Japan carries out foreign exchange intervention - buying or selling large quantities of foreign exchange for the deliberate action on the foreign exchange market in their own interests. Tokyo Stock Exchange - the largest in the Pacific region, and despite the fact that the bulk of the operations necessary to the European trading session.
Asian trading session - the most aggressive. The most interesting period for currency transactions with a pair of EUR / JPY, - from midnight till morning in the capital's time. And from 3-00 am to 10-00 am Moscow time, the importance of the Japanese Yen in the Forex market is particularly increased. For the European currencies as the greatest period of activity: from 11-00 to 15-00.