EUR/JPY extends the upside to the neighborhood of 134.00. The immediate target for the bulls emerges at the 2021 high (134.12). The EUR/JPY advanced for the third session in a row, although a break of 134.00 remains elusive for now. The cross quickly outpaced the previous yearly high beyond 133.00 (March 10), although the subsequent […]
Tag: EURJPY
EUR/JPY testing 131.90, eyeing yearly highs at 133.15
The euro appreciated for the sixth day in a row to rest at 131.90. The dovish BoJ is sending the yen lower across the board. EUR/JPY approaching year-to-date high at 133.15. The euro has seen a strong rally against the Japanese yen this week. The pair extended its recovery from early March lows at 124.40 […]
EUR/JPY breaks above 130.00 and continues its upward march
Euro is back above 130.00 and traces back most of the late February selloff. Risk appetite and higher US yields are hurting the Japanese yen. EUR/JPY is now targeting 130.30 and 130.75. The Euro has extended its uptrend against the Japanese Yen on Wednesday, breaking the psychological level of 130.00 to hit fresh 3-week highs […]
Pulls back from weekly highs, trades around 127.85
The shared coin will end the week with gains, rising 1.94%. A mixed market mood dampened appetite for the single currency, buoying the yen. EUR/JPY Technical Outlook: Remains biased to the downside unless EUR bulls retake 130.00. The EUR/JPY slumps from weekly highs during the American session amid a sudden risk-off mood in the market […]
EUR/JPY falls back towards 127.50
Risk aversion plus significant resistance above 128.50 saw EUR/JPY finally pull back towards 127.50. An hawkish ECB meeting failed to offer the euro a lasting boost, with bears targeting weekly lows at 124.50. As markets adopted a risk-off mood on Thursday, with global equities paring back some of Wednesday’s outsized gains amid concerns about the […]
EUR/JPY jumps to nine-day highs after ECB announcement
The euro hit highs on all fronts after the ECB statement. EUR/JPY approaches 129.00 and then loses momentum. US data and Lagarde ahead. The EUR/JPY rose from 128.00 to 128.86, reaching the highest level since March 1 after the release of the European Central Bank (ECB) with its monetary policy decisions. The ECB as expected […]
Bounce targets 128.20 area
EUR/JPY extends weekly rebound and recovers 127.00. Next, to the upside emerges the 128.20 region in the short term. EUR/JPY extends the rally further and recovers the area above the 127.00 barrier, a 3-day high, on Wednesday. Should the recovery pick up pace, the next resistance level appears at the 10-day temporary simple moving average […]
EUR/JPY trims Monday’s losses and hugs the 126.00 level
EUR/JPY is up 0.56% on the week amid a risk-on market mood. The United States and the United Kingdom will ban oil imports from Russia. EUR/JPY Technical Outlook: Once stuck in the 126.70-95 region, it would resume its bearish bias. The shared currency recovers some ground against the underperforming, safe-haven Japanese yen amid a risk-off […]
The raises are seen as temporary
EUR/JPY bounces off recent low near 124.40. Resurgent risk appetite favors daily rally. EUR/JPY has made up some ground so far, breaking above the 126.00 barrier at Tuesday’s turnaround. There are no relevant resistance levels in sight should the recovery pick up steam. The next key level is the temporary 10-day simple moving average expected […]
Loses almost 300 pips and records a yearly low at 125.07
EUR/JPY posts weekly losses close to 4% as traders prepare for the weekend. A gloomy market mood fueled by the escalation in the conflict between Russia and Ukraine weighed on the EUR. EUR/JPY Technical Outlook: Although skewed to the downside due to the nature of Friday’s crash, it could be subject to a mean reversion […]
