EUR / JPY once again challenges the 127.50 zone on Thursday. Markets remain on the lookout for upcoming US NFP figures. US yields trade mixed; the yen is fighting the dollar. The EUR/JPY it manages to reverse the initial drop to the 127.50 region and is posting decent gains so far just below 128.00 on […]
Tag: EURJPY
EUR / JPY retraces from session highs above 128.50 to test key support at 127.50
EUR / JPY reversed from highs above 128.50 to lows near 127.50 over the course of Wednesday’s session. The downward movement was in tandem with an increase in demand for safe havens as risk appetite deteriorated. Appetite for safe-haven assets has rebounded in recent trading amid a deterioration in US (and global) stock market sentiment, […]
Some consolidation seems likely in the short term
EUR / JPY extends Tuesday’s gains above 128.00. Above 129.50 the selling pressure should ease. EUR / JPY manages to extend the weekly recovery above 128.00, although the bullish run faltered shortly before 128.80 on Wednesday. In light of the current price action, the cross could move into a consolidation phase on the near-term horizon. […]
EUR / JPY remains depressed below 129.00 as risk aversion dominates
EUR / JPY weakness has retested recent lows around the 128.00 level. The new strain of COVID weighs heavily on investor confidence. The Japanese yen rises along with risk aversion. Strong buying interest around the Japanese yen puts the EUR/JPY under additional pressure at the levels below 129.00 so far on Friday. EUR / JPY […]
EUR / JPY remains bearish and trades below 130.00
EUR / JPY hit new lows near 129.40 earlier on Wednesday. The strong mood of the dollar continues to weigh on the single currency. US 10-year yields are trading without clear direction at around 1.64%. The additional selling pressure on the European currency dragged the EUR/JPY to new lows in the 129.40 area on Wednesday. […]
EUR / JPY falls below the key Fibonacci level as the slide continues, now testing the 200 DMA just below 130.50
EUR / JPY was down for the fifth time in the past six sessions on Thursday, dipping below a key 50% Fibonacci retracement level. The pair is now testing its 200 DMA just below 130.50. Thursday was another bearish day for him EUR/JPY. The pair has fallen from above 132.50 to current levels around 130.50 […]
EUR / JPY put under more pressure near 130.40
EUR / JPY loses more momentum and falls to 4-week lows. The cross finds support around the key 200-day SMA. The bounce in the dollar pushed the DXY above 95.00. The strong bullish momentum in the dollar puts the risk space under further pressure and forces the EUR/JPY to extend the losses to the area […]
The 131.00 area remains weak … for now
EUR / JPY remains on the defensive around 131.50. Immediate containment appears at recent lows around 131.00. EUR / JPY hit fresh three-week lows near 131.00 on Thursday. Despite the subsequent rebound from that area, the cross remains well entrenched in negative territory on Friday. The loss of 131.50 on a sustainable basis – where […]
The lower trend line of the bullish pennant at 131.00 limited the move to the downside
-637716443006753455.png "The lower trend line of the bullish pennant at 131.00 limited the move to the downside")
EUR / JPY is under pressure as central banks delay Market sentiment is bullish, except in the currency market, as the yen and the US dollar appreciate. EUR / JPY: The lower trend line of a bullish flag triggered a 30 pip jump in the pair. EUR / JPY is sinking for the day, down […]
Solid containment holds around 131.50
EUR / JPY leaves Monday’s gains behind and retests 131.50. More losses await on a breakout of mid-131.00. Sellers returned to the market and dragged EUR / JPY back into negative territory on Tuesday’s turnaround. The cross fades the constructive price action on Monday and refocuses once again on the 131.50 area, which is still […]
