Security

EURJPY Research and Market Analysis

Finvaulta tracks 30 research reports on EURJPY, updated through October 5, 2026. Latest: Global Economy and Finance: Weekly Watch.

Institutional research on EURJPY covering foreign exchange, government bonds, macro, and equities, from Crédit Agricole CIB, Mizuho Securities, Deutsche Bank, and Goldman Sachs. Finvaulta indexes each report with a summary, key figures and its original publication date.

Finvaulta is an independent research collection; views and forecasts belong to the named report issuers.

Latest research

Global Economy and Finance: Weekly Watch

Mizuho Securities·Oct 5, 2026

Mizuho Securities analyzes recent Japanese economic data, noting robust Tankan sentiment and accelerating Tokyo CPI that support further BOJ rate hikes. The analysts project a terminal policy rate of 1.75% with next hikes projected in January and June 2027.

Compare with the previous edition (Sep 28, 2026)

Euro Sell-Off Reinforced by Intensifying Fears Over Fiscal Contagion

MUFG·Oct 5, 2026

The euro dropped to fresh year-to-date lows against the dollar and yen as an escalating French government bond sell-off sparked fears of wider euro-zone fiscal contagion. The resulting tightening of financial conditions is curtailing ECB rate hike expectations and driving recommendations for a short EUR/JPY trade.

Compare with the previous edition (Sep 30, 2026)

Global Markets Daily: A Shift in Tide for JPY

Goldman Sachs·Sep 24, 2026

Goldman Sachs has revised down its 3-, 6-, and 12-month USD/JPY forecasts to 158, 155, and 150 as faster BoJ rate hikes and potential domestic investor rotation stabilize Japan's term premium. However, the strategists remain tactically cautious on shorting USD/JPY due to stretched positioning and BoJ pause expectations, favoring short EUR/JPY near term.

FX Blueprint for Winter: Calm in the Storm

Deutsche Bank·Sep 21, 2026

Deutsche Bank's FX Blueprint for winter outlines a calm year-end backdrop for currencies, with EUR/USD trapped in a range and the USD steadily weakening against CNY. The strategists advocate greater selectivity in carry trades and outline 13 core trade themes across G10, EM, and volatility.

Global Economy and Finance: Weekly Watch

Mizuho Securities·Sep 14, 2026

Mizuho reviews recent Japanese economic data—highlighted by strong wage gains and revised +1.4% annualized 2Q GDP growth—and BOJ policy rhetoric. They forecast two more 25bp rate hikes in 2027 to reach a terminal rate of 1.75%, while seeing market pricing in the mid-2% range as excessive.

The Walk After the Talk

Goldman Sachs·Sep 11, 2026

Goldman Sachs analyzes global FX dynamics ahead of pivotal central bank meetings, noting downside policy risks for the USD and favorable long-term asymmetry for JPY. They advocate tactical pair trades, including short EUR/JPY and long HUF/PLN, while highlighting systematic G10 signals favoring NZD and CAD over GBP, USD, and AUD.

Selected research

Selected for relevance; publication dates show when each report was written.

FX Weekly: Upside JPY Risks as Momentum Turns

MUFG·Sep 4, 2026

MUFG analyzes the sharp weekly surge in the Japanese yen driven by momentum shifts and short-covering across retail and institutional investors following hawkish BoJ commentary. The report recommends initiating a short EUR/JPY position and closing a long AUD/JPY trade while previewing upcoming ECB and FOMC decisions.

Japan FX Key Drivers Boosting EUR JPY

Citi·Jun 23, 2026

Citi Research analyzes the structural shifts in EUR/JPY price formation, highlighting that Japanese equity performance has replaced interest rate spreads as a primary driver. The EUR/JPY appears slightly undervalued by current models, potentially due to official Japanese JPY-buying interventions.

An Analysis Of The EUR/JPY Price Formation Mechanism

Citigroup Inc.·Jun 18, 2026

This report analyzes the price formation mechanism of the EUR/JPY pair using a two-tiered model, concluding that it is significantly influenced by Japanese equity performance and risk preferences. The pair appears overvalued and potentially more vulnerable to risk asset corrections than USD/JPY.