The live euro-to-yen rate, updated every minute. Book EUR→JPY with SummitFX on WhatsApp — same-day yen settlement when you transact during the European morning.
Use the tabs to view the last week, month, year, or five years of daily closing rates. The shaded band shows the high-low range for the period — a quick visual read on volatility.
Type in either box — enter a EUR amount to see what you'd get in JPY, or enter a target JPY amount to see how many euros you'd need. Calculated at the live mid-market rate shown above.
Note: The rate shown is the live mid-market rate. Your actual executable rate includes a small spread — typically 0.4–0.8% at SummitFX vs 2–4% at a UK high street bank. We'll always show the full breakdown before you book.
EUR/JPY is one of the most actively traded euro crosses and the third-largest yen cross after USD/JPY and GBP/JPY. The pair moves on the relative paths of the European Central Bank and the Bank of Japan, eurozone versus Japanese economic data, and global risk sentiment. As JPY is the world's premier funding currency for carry trades and EUR is a major reserve currency, EUR/JPY behaves as a 'risk-on/risk-off' barometer — strengthening when carry trades work, weakening sharply in stress episodes when yen safe-haven flows dominate.
European Central Bank policy: The ECB sets eurozone interest rates (deposit rate 2.0% in early 2026). The ECB-BoJ policy gap is structurally wide given Japan's ultra-loose history, but has narrowed as the BoJ slowly normalises. Christine Lagarde's post-meeting press conferences are watched closely for tone.
Eurozone HICP: Harmonised inflation drives ECB rate expectations. Even small surprises move EUR/JPY because they shift the ECB-BoJ policy gap, which is the dominant fundamental driver.
German and French data: The two largest eurozone economies disproportionately drive the euro. German ZEW, Ifo, and industrial production prints, plus French PMIs, are the most-watched eurozone indicators for EUR/JPY.
Eurozone sovereign spreads: Bund-BTP, Bund-OAT, and Bund-Bono spreads signal eurozone fragmentation risk. Widening spreads tend to weaken EUR against JPY because JPY benefits from any safe-haven flow during eurozone stress.
Risk sentiment and carry trades: EUR/JPY is a popular carry-trade pair — borrow yen at near-zero, invest in higher-yielding euro assets. When carry trades work, EUR/JPY drifts higher. When risk-off hits, carry unwinds rapidly and the pair can fall 2-3% in days.
Bank of Japan policy: The BoJ has historically run the world's loosest monetary policy. Slow normalisation under Governor Kazuo Ueda is now under way; every BoJ meeting is closely watched for hints of further policy shifts. Decisions and the post-meeting press conference are the biggest scheduled JPY events.
Japanese inflation: Japan emerged from chronic deflation only recently. Sustained inflation above 2% justifies BoJ normalisation; soft prints push expectations the other way. CPI moves the yen disproportionately because it's such a meaningful policy signal.
Safe-haven and repatriation flows: Japanese institutional investors hold trillions in foreign assets. In stress episodes they repatriate capital home, generating massive JPY buying. This is why JPY strengthens sharply in 'risk-off' even though Japan often has the lowest yields.
MoF intervention threat: Japan's Ministry of Finance has a history of FX intervention. Verbal warnings ('excessive moves', 'speculative behaviour') often precede actual intervention. Intervention risk premia get priced into the yen when EUR/JPY reaches historically extreme levels.
Fiscal year-end (March): Japanese institutions rebalance around 31 March. Repatriation flows in February-March often strengthen JPY; April typically sees yen weakness as new fiscal-year outbound flows resume. This is a predictable seasonal pattern in EUR/JPY.
The EU and Japan are major bilateral trade partners under the EU-Japan Economic Partnership Agreement (EPA), which entered into force in February 2019 — one of the world's largest trade deals by GDP. Bilateral trade exceeds €80 billion annually, with significant flows in machinery, automotive parts, pharmaceuticals, and luxury goods. Japanese multinationals (Toyota, Honda, Sony, Nissan) maintain substantial European operations; European luxury brands (LVMH, Hermès, Richemont) have major Japanese sales. The corridor carries enormous institutional flow in both directions, generating deep liquidity.
Japan is 8-9 hours ahead of central Europe and 8-9 hours ahead of the UK. To get same-day yen delivery, the conversion needs to happen during European morning so the Japanese banking day is still active. By UK afternoon, Japanese banking has typically wound down for the day.
Three things most commonly cause EUR→JPY transfers to slip past same-day:
Late EUR funding. Our cutoff is 12:00 UK time for same-day yen settlement — earlier than EUR-USD or EUR-CAD because Japanese banks close in the UK morning. SEPA Credit Transfer typically takes a few hours bank-to-bank; SEPA Instant credits within seconds. Initiate the EUR transfer the day before or early morning to ensure EUR arrives in time.
Japanese intermediary bank routing. SWIFT wires to smaller Japanese banks may route through a Tokyo correspondent (Mizuho, MUFG, SMBC are the typical hubs). This adds processing time. Major Japanese megabanks credit fastest.
Japanese public holidays. Japan has more public holidays than most major economies — including Golden Week (late April/early May), Obon (mid-August), Silver Week (September), and the multi-day New Year period in early January. Japanese banks close entirely on these days.
For tight yen deadlines — Japanese property completions, supplier payments, large corporate transfers — book the day before or use forward contracts. Forwards are particularly useful for EUR/JPY given the pair's high volatility; locking in advance protects against carry-trade unwind events.
EUR/JPY is the corridor for eurozone residents and businesses with meaningful yen-denominated obligations, plus anyone with Japanese property, business interests, or family ties. Common use cases:
European buyers — particularly French, German, and Italian — purchasing Japanese property in Tokyo, Kyoto, and Niseko. Japanese conveyancing is fast (often weeks rather than months), but the high-value nature of these transactions makes locking the rate via a forward contract sensible given EUR/JPY's volatility.
European businesses sourcing Japanese cars, electronics, machinery, and specialist manufacturing. Tight spreads on regular high-volume payments protect margin in a corridor where JPY weakness can already affect pricing.
European luxury houses (LVMH, Hermès, Richemont, Kering) receiving JPY revenue from Japanese sales. Repatriating yen receipts to EUR at broker spreads rather than bank spreads makes a meaningful margin difference, particularly given the volumes involved.
European students at Japanese universities or on exchange programmes; Japanese students at European universities supported by Japan-based family. Predictable payment schedules suit forward contracts.
Japanese multinationals (Toyota, Honda, Nissan, Sony) funding European operations or repatriating European earnings. Treasury teams use forwards to hedge predictable EUR/JPY exposure across financial years.
European residents holding Japanese stocks, JREITs, or Japanese bonds converting JPY income back to EUR. Quarterly or annual repatriation suits forward contracts given the pair's volatility.
You can convert euros to yen through your bank, through a transfer app, or through a broker. EUR/JPY is volatile and time-sensitive, which makes broker access and the ability to lock rates particularly valuable for this corridor.
Everything clients typically ask about sending euros to yen. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
We never forecast — but the chart above puts today's rate in context. JPY is a safe-haven currency that strengthens in global stress and weakens in calm periods, so timing EUR/JPY is largely a view on global macro plus the ECB-BoJ policy gap. Rate alerts let you set a target and wait passively rather than guessing.
European banks typically mark up EUR/JPY by 2–4% for retail customers. SummitFX spreads are 0.4–0.8% depending on size. On a €200,000 transfer that's a saving of €3,000–€7,000 in your favour.
Book and fund by 12:00 UK time on a business day and yen typically lands in your beneficiary's Japanese account the same Japanese business day. The early UK cutoff exists because Japanese banks close in the European morning. Late bookings settle T+1 in Japanese terms.
Yes — and it's particularly valuable for this pair given EUR/JPY's volatility. A forward contract fixes today's rate for delivery up to 24 months ahead. You pay a deposit (typically 5–10% of the trade) upfront and settle the balance at delivery. Common for European corporate treasuries, scheduled supplier payments, and Japanese subsidiary funding.
No hard minimum — we handle trades from €500 to €5m+. Below around €5,000 the spread widens slightly to cover fixed execution costs. For recurring smaller payments, market orders or standing arrangements work better than ad-hoc bookings.
The rate shown on Google, XE, or the chart above is the mid-market rate — the midpoint of interbank buy and sell quotes. Nobody gets exactly that rate; providers add a margin. Banks typically 2–4%, Wise 0.5–0.8%, SummitFX 0.4–0.8% — with our clients also getting a named dealer and WhatsApp access.
Because it combines two distinct risk regimes. JPY is the world's premier carry-trade funding currency and a major safe haven; EUR is a reserve currency exposed to eurozone-specific stress. When global risk-on dominates, carry trades push EUR/JPY higher; when risk-off hits, both yen safe-haven flows and eurozone stress can pull EUR/JPY sharply lower. The pair often moves 1-2% in single sessions on combined ECB-BoJ-risk news.
Your rate is locked the moment you reply CONFIRM on a quote. Even if a carry-trade unwind sends EUR/JPY 2% lower in a single session before your EUR clears to us, the rate you receive stays exactly as booked. JPY can move sharply on global news; locking in advance is essential for any time-critical Japanese payment.
Message us on WhatsApp and we'll have a live executable rate back in seconds.