The number of Japanese yen investors may receive for each euro they trade can be found by checking the EUR/JPY Spot price, which will fluctuate according to how attractive each currency looks at the time.
Introduced in 1999, the euro established itself as a strong money after a couple of years of faltering, but its capacity for maintaining this reputation has come into question in the years following the global downturn.
With several countries in the eurozone holding unworkable levels of debt and many economies struggling, plenty of investors have wondered whether the system as it stands can survive.
All of this negative speculation, combined with several unimpressive economic reports and unemployment surveys have served to act as downward pressures on the currency.
Other key factors are the interest rate set by the European Central Bank, trade levels and political instability.
In comparison, the Japanese yen is affected by economic issues and commercial performance, but can also be impacted by the value of certain commodities, such as those used in the car manufacturing sector.
Both the euro and the yen are considered 'majors' of the forex markets as the second and third most-traded currencies in the world, with many countries using the monies for their reserves.
Recently, the Asian money has been one of the most popular go-to options for investors seeking safe havens for their capital, which raises its value.
However, the Bank of Japan is well known for keeping a close eye on the price of the yen and intervening if it gets too strong.
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