Ethereum / Japanese Yen Price ETHJPY

This crypto/fiat pair represents the value of a single Ether (Ethereum) token, represented in Japanese Yen. Investors who believe Ethereum will grow in strength against the JPY could open a long (BUY) position on this instrument, or a short (SELL) position if they believe the opposite will occur. Ethereum is one of the world’s largest cryptocurrencies and also one of the largest blockchain networks, enabling developers to create their own blockchain apps. The Yen is Japan’s national currency.
The Ethereum price could be affected by factors relating to the blockchain industry, fluctuations in Bitcoin prices and various other factors. The Yen chart could become volatile around the time of a Bank of Japan rate decision, in reaction to Nikkei volatility, during times of global financial trends in the foreign exchange market or due to other occurrences.