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The median estimate for the number of Japanese yen per euro for calendar year 2020 is derived from analyzing various forecasts and data points about currency exchange rates. The median represents the middle value when all estimates are arranged in ascending order, providing a central tendency that minimizes the impact of outliers.

Choosing 126 yen as the median reflects a thorough observation of economic conditions prevailing in 2020, including factors such as interest rates, economic growth expectations, and geopolitical influences on currency valuations. This number indicates a balance between higher and lower estimates, representing a consensus among analysts about the expected strength of the yen against the euro during that specific time period.

Other figures, while they might be derived from estimates or projections, do not capture the same level of agreement among sources as the median does. The choice of 126 yen indicates a comprehensive analysis of market conditions, making it a pertinent selection for what occurred in 2020.