The live yen-to-euro rate, updated every minute. Book JPY→EUR with SummitFX on WhatsApp — we accept incoming JPY via SWIFT and settle EUR via SEPA or SEPA Instant.
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 JPY amount to see what you'd get in EUR, or enter a target EUR amount to see how many yen 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.
JPY/EUR is the mirror of EUR/JPY — read from the Japanese side. The pair moves on Bank of Japan policy, European Central Bank policy, 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, JPY/EUR rises in stress episodes (yen safe-haven flow) and falls during carry-trade-friendly periods.
Bank of Japan policy: The BoJ has run the world's loosest monetary policy for decades. Slow normalisation under Governor Ueda is now under way, and 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 repatriation: Japanese institutions hold trillions in foreign assets. In stress episodes they repatriate, generating massive JPY buying. This is the single most important driver of JPY strength during global crises — and what makes JPY/EUR rally sharply in risk-off.
MoF intervention threat: Japan's MoF has a long history of FX intervention. Verbal warnings often precede actual intervention. Intervention risk premia get priced into the yen when EUR/JPY reaches extreme levels — typically corresponding to multi-year lows in JPY/EUR.
Fiscal year-end (March): Japanese companies and 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 JPY/EUR.
European Central Bank policy: The ECB sets eurozone interest rates (deposit rate 2.0% in early 2026). The ECB-BoJ policy gap remains wide, with EUR yields structurally above JPY yields. Christine Lagarde's post-meeting press conferences are watched for tone.
Eurozone HICP: Harmonised inflation drives ECB rate expectations. Hot prints support the euro by raising rate-hold expectations; soft prints weigh on it.
German and French data: The two largest eurozone economies disproportionately drive the euro. German ZEW, Ifo, and industrial production prints, plus French PMIs and consumption data, all matter for JPY/EUR.
Eurozone sovereign spreads: Widening Bund-BTP or Bund-OAT spreads signal eurozone fragmentation risk and tend to push JPY/EUR higher (euro weak, yen strong on safe-haven flow).
Eurozone political risk: Elections in major member states, fiscal-rule disputes, and anything that threatens eurozone cohesion adds a risk premium to the euro. EU-specific stress tends to amplify JPY/EUR through the safe-haven channel.
Japan and the EU are major bilateral trade partners under the EU-Japan Economic Partnership Agreement (EPA), which entered into force in February 2019. Bilateral trade exceeds €80 billion annually. The corridor's defining feature is the Japanese institutional investor presence in European assets — Japanese life insurers, pension funds, and the GPIF hold substantial euro-denominated bonds and equities. Japanese multinationals (Toyota, Honda, Sony, Nissan) maintain large European operations, generating recurring JPY-EUR flow. European firms operating in Japan (LVMH, Hermès, automotive suppliers) generate the reverse flow.
JPY→EUR settles in two legs: your JPY arrives via SWIFT, we convert, and we pay out EUR via SEPA or SEPA Instant. Time-zone alignment is challenging — Japan is 8-9 hours ahead of central Europe, so Japanese morning bookings reach Europe before our cutoff but afternoon Japanese bookings often miss it.
Three things most commonly cause JPY→EUR transfers to miss same-day settlement:
Late JPY arrival in UK time. Our cutoff is 11:00 UK time for same-day EUR settlement. JPY wires sent from Japan in the morning typically arrive in the UK by mid-morning UK time, but Japanese afternoon bookings often miss our cutoff. Plan to send from Japan early in their business day.
Japanese intermediary bank holds. SWIFT wires from regional Japanese banks often route through a megabank (MUFG, Mizuho, SMBC) before reaching our European correspondent. This typically adds 1-2 hours of internal processing.
EU or Japanese bank holidays. If TARGET2 is closed for an EU-wide holiday, EUR settlement is delayed. If Japanese banks are closed (Golden Week, Obon, Silver Week, New Year), JPY wires won't be initiated. Plan around both calendars when settlement timing is critical.
For tight EUR deadlines — European property completions, supplier invoices, tax obligations — book the day before and let the conversion settle overnight. Forward contracts are particularly valuable for the JPY/EUR corridor given the pair's volatility and carry-trade sensitivity.
JPY/EUR is the corridor for Japanese residents and businesses with meaningful euro obligations, plus EU-bound flows from Japanese expats, investors, and corporates. Common use cases:
Japanese institutional investors (life insurers, pension funds, GPIF) allocating to euro-denominated bonds, European equities, and credit. While dominated by institutional desks, individual Japanese high-net-worth investors also use this corridor for European asset allocation.
Japanese buyers — both individuals and institutional — purchasing European property in France, Italy, Spain, and other markets. European closing timelines vary; forward contracts protect deal economics from currency moves during contract-to-completion periods.
Japanese entities of EU-headquartered companies funding European parent dividends, intercompany payments, or repatriation flows. Treasury teams use forward contracts to fix the JPY cost of scheduled EUR obligations across financial years.
Japanese companies sourcing European technology, automotive parts, machinery, and luxury goods. Recurring JPY-to-EUR flow for industrial supply chains and high-value consumer goods imports.
Japanese families with children at European universities, particularly in the UK, France, Germany, Switzerland, and the Netherlands. Predictable termly payment schedules suit forwards or rate alerts.
European residents who lived in Japan returning home, transferring JPY savings, Japanese property sale proceeds, or business receipts back to EUR. Large one-off transfers where broker spreads vs bank spreads make a meaningful difference.
You can convert yen to euros through your bank, through a transfer app, or through a broker. JPY/EUR is volatile and a major institutional cross — broker access provides meaningful pricing advantages over retail bank rates.
Everything clients typically ask about sending yen to euros. 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/EUR often reflects global risk sentiment more than EU or Japanese data, so timing is often a view on broader macro themes. Rate alerts let you set a target level and wait passively.
Japanese and European banks typically mark up JPY/EUR by 2–4% for retail customers. SummitFX spreads are 0.4–0.8% depending on size. On a ¥50,000,000 European property deposit (~€310,000), the saving versus a bank can run from €5,000 to €12,000.
If your JPY arrives with us by 11:00 UK time on a UK business day, we settle the EUR the same day. SEPA delivery is typically a few hours; SEPA Instant credits within seconds. Send your JPY wire in the Japanese morning to give the best chance of same-day European settlement.
Yes. European conveyancing typically runs 2-4 months during which JPY/EUR can move several percent. A forward contract fixes today's rate for delivery on completion day. You pay a deposit (5–10% of the trade) upfront and settle the balance at completion.
No hard minimum — we handle trades from ¥100,000 to ¥1bn+. Below around ¥1,000,000 (~€6,500) 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.
The EU-Japan Economic Partnership Agreement, in force since February 2019, eliminated tariffs on most goods traded between the EU and Japan and is one of the world's largest bilateral trade deals by GDP. It has expanded JPY-EUR commercial flow significantly, particularly in machinery, automotive parts, agricultural goods, and luxury goods. The corridor has grown steadily since the EPA took effect.
Your rate is locked the moment you reply CONFIRM on a quote. Even if a carry-trade unwind or risk-off event sends JPY/EUR sharply higher before your wire reaches us, the rate you receive stays exactly as booked. JPY can move dramatically on global news; locking in advance is essential for any time-critical European payment.
Message us on WhatsApp and we'll have a live executable rate back in seconds.