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    EUR to JPY 2024 Forecasts

    Analysis of recent Euro → Yen forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Euro to Japanese yen performance and trends.


    Forecasts for EUR to JPY


    Based on recent exchange rate analyst forecasts and market updates, the outlook for the EUR to JPY exchange rate appears mixed. FX analysts note that the euro (EUR) is facing political uncertainties in France and Germany, which are exerting downward pressure on the single currency. The likelihood of weak political outcomes in France, coupled with stagnant German economic sentiment, may limit the euro's ability to rally against the Japanese yen (JPY) in the short term. ING forecasts a potential 1.5% weakness in EUR/USD this month, especially if political risks in France escalate further, potentially leading to euro weakness against the yen as well.

    On the other hand, the Japanese yen has been under pressure due to global interest rate differentials and speculation on central bank policies. While the yen has weakened against major G-10 currencies, there is a possibility of a slight strengthening if the Bank of Japan adjusts its bond purchases, as hinted by market sources. However, concerns remain about the yen's performance, with expectations that the USDJPY exchange rate could surpass key levels and trigger intervention from the Bank of Japan. Unless there are significant changes in monetary policies, the yen's decline may persist, potentially impacting its exchange rate against the euro.

    Considering the recent EURJPY price data showing the pair at 7-day highs near 169.5 and significant movements in the Brent Crude OIL/USD price data with oil at 30-day highs near 85.41, market analysts suggest closely monitoring political developments in France, economic data releases, and central bank policies for potential shifts in the EURJPY exchange rate.

    @bestfxrates : EURJPY outlook remains complex amid French political uncertainties & stagnant German economy, putting pressure on EUR🇪🇺. Meanwhile, JPY🇯🇵 faces global rate differentials & BOJ policy speculations. Eyes on central banks & EURJPY's recent peak near 169.5, with oil prices surging. #ForexUpdate

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    EUR to JPY Market Data

    Euro (EUR) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

    1 EUR =
    170.13We compare provider deals to this wholesale mid-market rate. Read more
    EUR to JPY is at 14-day highs near 169.8, 1.7% above its 3-month average of 167, having traded in a quite stable 4.9% range from 162.8 to 170.7
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    Compare & Save - Euro to Japanese yen

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Euro (EUR) to Japanese yen (JPY) rates from different sources before making a conversion.

    Use our EUR to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Euro to Yen currency rates and the possible savings of using various providers.

    05 Jun 2024
    0.1% 2 Week
    21 Mar 2024
    3.1% 3 Month
    20 Jun 2023
    10% 1 Year
    21 Jun 2019
    38.9% 5 Year
    22 Jun 2014
    22.3% 10 Year
    24 Jun 2004
    30.1% 20 Year
    EUR/JPY historic rates & change to 19-Jun-2024

    Will the Euro rise against the Japanese yen?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add EUR/JPY to your personalised Rate Tracker to track and benefit from currency movements.

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    Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more