EUR/JPY in 2026: the yen's quiet comeback

The euro-yen cross is down 3.6% so far this year. After peaking at 187.72 on April 17, the pair slid to its 2026 low of 176.85 on October 7. The ECB's October 20 reference rate stood at 177.34.

The cross was still above 186 in early September: most of the year's decline has come in the last six weeks.

2026 key figures:

Year high: 187.72 (April 17)

Year low: 176.85 (October 7)

Latest reference: 177.34 (October 20)

Year-to-date: -3.6%

Source: European Central Bank, daily reference exchange rates (published around 14:15 CET).