Convert Japanese Yen to Euro
JPY to EUR Exchange Rate Calculator
1 Japanese Yen (JPY) = 0.0054 Euro (EUR) at the live mid-market rate. That means $100 JPY converts to roughly 0.54 EUR, and $1,000 JPY converts to about 5.37 EUR. The JPY/EUR rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day JPY/EUR context
Over the past 90 days, JPY/EUR has traded between 0.0053 and 0.0055. The current rate of 0.0054 sits roughly 27% through that range — near the lower end, meaning Euro has been stronger than typical against Japanese Yen recently. Versus the rate 90 days ago, Japanese Yen has weakened by 1.65% against Euro.
JPY/EUR Price History
Interactive JPY/EUR exchange rate chart with 7-day, 30-day, and 90-day views.
About Japanese Yen (JPY)
The Japanese Yen (JPY) is the official currency of Japan and the third-most-traded currency worldwide. It is the premier carry-trade funding currency thanks to decades of ultra-low interest rates, and it plays a defining safe-haven role during global equity selloffs.
- •Third-most-traded currency, ~17% of daily forex volume
- •Bank of Japan ended its negative interest rate policy in March 2024 after 17 years
- •Japan holds the world's largest net international investment position
- •Yen weakness typically boosts Japanese exporter earnings (Toyota, Sony, etc.)
- •The Ministry of Finance — not the BoJ — controls FX intervention policy
About Euro (EUR)
The Euro (EUR) is the official currency of 20 European Union member states — collectively the Eurozone — and the world's second-most-traded currency. Introduced in 1999 as an accounting currency and 2002 as physical cash, it is managed by the European Central Bank (ECB) from Frankfurt.
- •Used daily by over 340 million people across 20 countries
- •Second-largest reserve currency, ~20% of global central bank reserves
- •EUR/USD is the world's most-traded currency pair (~23% of forex volume)
- •ECB sets the deposit facility rate, main refinancing rate, and marginal lending rate
- •Eurozone CPI target is 2% over the medium term
Frequently Asked Questions
Why is EUR/JPY considered a "risk barometer"?
EUR/JPY combines a risk-sensitive European currency with the leading carry-trade funding currency. When global equity markets rally, investors borrow JPY cheaply and buy higher-yielding assets including EUR — pushing EUR/JPY up. When risk reverses, carry unwinds and EUR/JPY falls sharply.
What yield spread drives EUR/JPY?
The 10-year German Bund minus the 10-year Japanese Government Bond (JGB) yield. When the spread widens (Bunds rising faster than JGBs), EUR/JPY tends to rise. The BoJ's 2024 exit from negative rates compressed the spread and capped EUR/JPY upside.
Does the Nikkei affect EUR/JPY?
Yes — Japanese stock moves often mirror global risk sentiment. A strong Nikkei (especially when paired with USD/JPY strength) usually supports EUR/JPY. Conversely, a Nikkei selloff signals JPY safe-haven demand and EUR/JPY weakness.
What causes EUR/JPY flash crashes?
Thin overnight Asian liquidity, combined with automated carry-unwind flows, has produced EUR/JPY flash crashes in January 2019 and elsewhere. Most happened during Tokyo-early-hours when major European and US desks were closed.
When is EUR/JPY most liquid?
The London–Tokyo overlap (07:00–08:00 UTC) plus the London session proper. Asian holidays, US Thanksgiving, and year-end holidays produce the thinnest EUR/JPY liquidity.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers