Currency pair · direct ECB reference rate

What is the EUR/JPY reference rate and how has it moved?

The EUR/JPY reference rate was 177.820 on 16 Oct 2026: one EUR was worth 177.820 JPY. That is 0.9% above a year earlier and 18% of the way up its 52-week range. Annualised volatility over the year was 6.6%.

EUR/JPY · 16 Oct 2026: 177.820Previous fixing 177.060 (15 Oct 2026) · ▲ +0.43%
12-month change: ▲ +0.9%from 176.230 on 16 Oct 2025
52-week range: 175.700–187.720low 17 Oct 2025 · high 17 Apr 2026
Volatility, 1 yr: 6.6%annualised; full-year average since 2016: 8.8%

The past twelve months

Daily ECB reference fixings, 16 Oct 2025 – 16 Oct 2026 (255 fixings). Yellow dot: latest.

What the record shows

Over the past year EUR/JPY has been calmer than usual: 6.6% annualised volatility against a 8.8% average for full calendar years since 2016. Its calmest full year was 2021 (5.7%) and its busiest 2016 (12.7%).
Since 4 Jan 2016 the rate has ranged from 111.170 (8 Jul 2016) to 187.720 (17 Apr 2026). Today's fixing is higher than 92% of the 2,763 daily fixings in that period.
Five years ago, on 15 Oct 2021, the fixing was 132.650, so the rate is 34.1% above that level. Over one month it is ▼ −0.59% (from 178.880 on 16 Sept 2026).
The largest single-day move of the past year was on 30 Apr 2026: 187.050 → 183.210 (▼ −2.05%).
Read the other way round, 1 JPY was worth 0.00562 EUR on 16 Oct 2026 (JPY/EUR).

How is the EUR/JPY figure on this page produced?

The ECB publishes EUR/JPY directly as one of its euro foreign exchange reference rates: 177.820 JPY per euro on 16 Oct 2026. The page shows that figure unchanged. Reference rates are set around 14:10 CET on TARGET business days, from a regular concertation between central banks, and the ECB states they are published for information purposes only.

Year by year

EUR/JPY yearly close, change, high, low, average and volatility
Year	Close	Change	High	Low	Average	Vol.
2026 to date	177.820	▼ −3.4%	187.720 17 Apr	176.850 7 Oct	183.648	6.1%
2025	184.090	▲ +12.9%	184.770 22 Dec	156.500 4 Mar	169.043	8.1%
2024	163.060	▲ +4.3%	175.390 11 Jul	155.660 16 Sept	163.852	9.5%
2023	156.330	▲ +11.1%	164.050 16 Nov	137.930 3 Jan	151.990	10.1%
2022	140.660	▲ +7.9%	147.590 21 Oct	125.550 7 Mar	138.027	11.9%
2021	130.380	▲ +3.1%	134.050 1 Jun	125.180 18 Jan	129.877	5.7%
2020	126.490	▲ +3.7%	127.230 29 Dec	114.650 6 May	121.846	8.2%
2019	121.940	▼ −3.1%	127.350 1 Mar	116.050 3 Sept	122.006	6.5%
2018	125.850	▼ −6.8%	137.220 2 Feb	125.670 15 Aug	130.396	7.7%
2017	135.010	▲ +9.4%	135.010 29 Dec	116.010 13 Apr	126.711	7.9%
2016	123.400	—	132.250 29 Jan	111.170 8 Jul	120.197	12.7%

Change = last fixing of the year against the last fixing of the previous year (2016 has no prior close in this record). Vol. = annualised standard deviation of daily log changes within the year. 2026 runs to 16 Oct 2026.

Since January 2016

ECB reference fixings, thinned to about every fifth fixing for drawing; the tables use every fixing.

Largest one-day moves since 2016

Date	From	To	Move
24 Jun 2016	120.380	113.230	▼ −5.94%
5 Aug 2024	161.370	155.980	▼ −3.34%
15 Mar 2023	144.090	139.510	▼ −3.18%
31 Jul 2024	167.610	162.760	▼ −2.89%
20 Dec 2022	144.650	140.580	▼ −2.81%

Moves are measured between consecutive ECB fixings, so a move after a holiday can span more than one calendar day.

Sources

European Central Bank — euro foreign exchange reference rates (series EXR.D.JPY.EUR.SP00.A, retrieved 16 Oct 2026 via the ECB Data Portal).
Method for crosses, ranges and volatility: methodology.