## EUR/JPY 2025: Yen Revaluation Opportunity in a Context of Monetary Convergence
The euro's exchange rate against the Japanese yen marks one of the most interesting moments of the year for those looking to position themselves in currencies with solid fundamental prospects. During the first five months of 2025, the EUR/JPY pair has experienced fluctuations exceeding eight yen, reflecting a market that finally recognizes the change in cycle in Tokyo and Frankfurt's monetary policies.
## Five Factors Explaining EUR/JPY Volatility in 2025
**Change of course by the Bank of Japan**
At the end of Ja

## Business Costs: Understanding the Difference Between Fixed and Variable Costs
Why are costs at the heart of a business? Because they directly determine whether your business survives or thrives. Managing costs intelligently involves distinguishing between expenses that remain constant and those that vary with production.
### Stable costs vs. Uncertain costs
**What are fixed costs?** These are expenses that a business must pay every month or year, regardless of whether you produce one unit or one thousand units. These costs are obligations that stay with the business.
In contrast, variable c