Cross pair · “Yuppy”
EUR/JPY: volatility, trading hours and correlation
The euro against the Japanese yen. EUR/JPY has averaged 113 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 13:00 and 16:00 UTC.
- Last close
- 177.525 16 October 2026
- Avg daily range
- 113 pips 90 days · 0.64% of price
- 1-year change
- +0.98% EUR stronger vs JPY
- 52-week range
- 174.811 – 187.949 Low to high
EUR/JPY over the last 12 months
Daily closes
When EUR/JPY moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted. 21:00–23:00 UTC includes the daily rollover, when spreads widen and bid prices dip, so those hours are left out of it.
Want these hours in your own time zone? Open forex market hours. To compare EUR/JPY with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Friday is typically busiest and Tuesday quietest.
Calendar-year performance
% change in EUR/JPY each year, latest year to date
EUR/JPY seasonality
Average % change by calendar month across the last 9 years. June has been the strongest month on average and July the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | -0.20% | -0.37% | +0.85% | +1.42% | +0.23% | +2.15% | -0.74% | -0.03% | +0.36% | +1.19% | -0.32% | +0.20% |
| Years up | 44% | 44% | 56% | 78% | 67% | 89% | 44% | 44% | 67% | 67% | 67% | 67% |
EUR/JPY correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for EUR/JPY.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 30 July 2026 | 533 pips | -1.74% | 4.9× |
| 30 April 2026 | 527 pips | -1.86% | 4.8× |
| 31 July 2026 | 382 pips | -1.36% | 3.5× |
| 3 September 2026 | 366 pips | -1.51% | 3.3× |
| 23 January 2026 | 309 pips | -1.09% | 2.8× |
EUR/JPY pip value
Value of a one-pip move (0.01) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
 USD | 6.33 USD | 0.63 USD | 0.063 USD |
 EUR | 5.63 EUR | 0.56 EUR | 0.056 EUR |
 GBP | 4.75 GBP | 0.47 GBP | 0.047 GBP |
 JPY | 1000.00 JPY | 100.00 JPY | 10.000 JPY |
About EUR/JPY
EUR/JPY shows how many Japanese yens (JPY) it takes to buy one euro (EUR). When the price rises, the euro is strengthening against the Japanese yen. Traders often call it “Yuppy”.
EUR is issued by the European Central Bank. It tends to respond to European Central Bank policy, eurozone inflation and growth data, and the spread between German and US bond yields.
JPY is issued by the Bank of Japan. It tends to respond to Bank of Japan policy, the gap between Japanese and US bond yields, and risk sentiment, as the yen often strengthens in risk-off markets.
With an average range of about 113 pips a day, a stop loss of 34–68 pips is roughly a third to two-thirds of a normal day for EUR/JPY. Always size your position from the stop distance with the lot size calculator.
EUR/JPY FAQ
What is the average daily range of EUR/JPY?
Over the last 90 days EUR/JPY moved an average of 113 pips from high to low each day, about 0.64% of its price. Over the past year the average was 110 pips, and over the last 20 trading days it was 123 pips.
What is the best time to trade EUR/JPY?
In the past year EUR/JPY was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (76 pips). The quietest hour was 20:00 UTC. Friday was its busiest weekday on average.
What is EUR/JPY most correlated with?
Based on daily returns over the last year, EUR/JPY moved most closely with GBP/JPY (correlation 0.88) and most inversely with AUD/NZD (-0.03).
How much is one pip worth on EUR/JPY?
One pip on EUR/JPY is 0.01 of the price. For one standard lot (100,000 EUR) that is 1,000 JPY, or about $6.33 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from Dukascopy hourly bid prices up to the 16 October 2026 close. Trading days run from 17:00 to 17:00 New York time, the same daily candles most MT4 and MT5 brokers show. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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