Exchange Rate Calculator

The EUR/JPY currency pair, representing the exchange rate between the Euro and the Japanese Yen, has exhibited notable fluctuations over the past few months. Understanding these movements requires an examination of recent trends, underlying economic factors, and future projections.

Recent Exchange Rate Trends

Between January 3, 2025, and June 30, 2025, the EUR/JPY exchange rate experienced significant volatility. The pair reached its highest point at 169.63 JPY per EUR on June 30, 2025, and its lowest at 155.94 JPY per EUR on February 27, 2025. The average exchange rate during this period was approximately 162.27 JPY per EUR. (exchangerates.org.uk)

In June 2025, the exchange rate demonstrated an upward trajectory, starting at 162.98 JPY per EUR on June 2 and climbing to 169.24 JPY per EUR by June 27. (ycharts.com) This upward movement indicates a strengthening of the Euro against the Yen during that month.

Factors Influencing the EUR/JPY Exchange Rate

Several key factors have influenced the EUR/JPY exchange rate in recent months:

• Monetary Policies: The European Central Bank (ECB) has been adjusting interest rates to combat high inflation in the Eurozone. Rate hikes by the ECB can bolster the Euro's strength. Conversely, the Bank of Japan (BOJ) has maintained an ultra-loose monetary policy, including yield curve control, to stimulate economic growth. This divergence in monetary policies tends to weaken the Yen relative to the Euro. (litefinance.org)

• Economic Indicators: Positive economic data from the Eurozone, such as strong GDP growth and improving consumer confidence, have supported the Euro. In contrast, concerns about Japan's economic outlook and the BOJ's policies have put pressure on the Yen. (platodata.network)

• Risk Sentiment: The Yen is traditionally viewed as a safe-haven currency. During periods of global economic uncertainty, investors may flock to the Yen, strengthening it against the Euro. Conversely, in times of economic optimism, the Euro may gain as investors seek higher returns. (blog.opofinance.com)

Technical Analysis

As of July 2, 2025, the EUR/JPY pair is trading near its 8-day Exponential Moving Average (EMA) and above its 21-day EMA by 0.79%, its 50-day EMA by 1.93%, and its 100-day EMA by 2.95%. The upward slope of the 8-day EMA indicates bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) line is above its signal line, confirming positive momentum and an uptrend. (exchangerates.org.uk)

Forecasts and Projections

Different sources provide varying forecasts for the EUR/JPY exchange rate:

• Short-Term Forecasts: Some analysts predict a slight decline in the EUR/JPY rate in the coming days, with projections indicating a gradual decrease from 169.46 JPY per EUR on July 2, 2025, to approximately 166.18 JPY per EUR by August 1, 2025. (exchangerates.org.uk)

• Long-Term Forecasts: Other projections are more optimistic, suggesting that the EUR/JPY rate could rise to 178.786 JPY per EUR within a year, representing a potential increase of 5.47%. (walletinvestor.com)

Conclusion

The EUR/JPY exchange rate has shown significant volatility in recent months, influenced by divergent monetary policies, economic indicators, and global risk sentiment. While technical analysis indicates bullish momentum, forecasts for the currency pair vary, reflecting the complex interplay of factors affecting its trajectory. Investors should closely monitor economic developments and central bank policies in both the Eurozone and Japan to make informed decisions regarding the EUR/JPY pair.