EUR / JPY regains some composure and bounces away 128.20. The final July CPI of the EMU stood at 2.2% year-on-year, the underlying CPI at 0.7% year-on-year. Investors remain cautious ahead of the FOMC Minutes. The softer tone of the dollar in combination with the prevailing selling pressure on the Japanese currency motivates the cross […]
Tag: EURJPY
The next downside target appears at 128.30
EUR / JPY leaves behind some of the recent weakness. Immediate support is near 128.30. The EUR/JPY managed to rebound from recent lows at the 128.50 area, although it continues to trade below the critical 200-day SMA. The selling pressure has accelerated after the cross broke below the 200-day SMA (129.10), as well as the […]
Minor support is shown around 128.30
EUR / JPY remains under pressure well below 129.00. Immediate support is near 128.30. EUR / JPY falls further, although it appears to have found some support around the 128.30 region so far, on Tuesday’s turnaround. The selling pressure accelerated after the cross broke below the 200-day SMA (128.99), as well as the 2021 key […]
EUR / JPY rises to the 129.80 area, awaiting the US data.
Euro rises against the yen for the second day, remains in recent range. EUR / JPY with a bearish bias and low volatility. EUR / JPY is rising for the second day in a row and is trading around 129.70, after having marked highs since Friday at 129.80. The cross maintains a very short-term bullish […]
EUR / JPY side, falls to test day low at 129.35
USD / JPY rally limits EUR / JPY retracement. Cross is moving sideways in the very short term, with a bearish bias. The EUR / JPY fell to 129,398 recently and then rebounded. It continues to trade sideways near 129.50, with a slight bearish bias. The break of 129.30 would expose last week’s lows at […]
EUR / JPY falls for the second day and marks lows below 129.50
A slight rise in the yen boosts the EUR / JPY bearish continuity. Crossover falls to 129.40 and could go to test 129.00. The EUR / JPY is falling for the second day in a row on Monday and has just dropped to 129.40, the lowest since Wednesday. ANDhe setback occurs in the face of […]
EUR / JPY loses control and falls towards 129.30
EUR / JPY falls to multi-day lows around 129.30. Demand for the Japanese yen remains strong. The current improved tone of the Japanese yen weighs on the EUR/JPY and drags it to fresh 2-week lows in the 129.30 region. EUR / JPY is further weakened by the purchase of the JPY EUR / JPY accelerates […]
EUR / JPY remains consolidated around 130.00
EUR / JPY is trading within the familiar range above 130.00. The strength of the JPY forced the cross to give up some of the previous gains. After reaching new highs in the region of 130.40, the EUR/JPY triggered a boost to the current area just above the 130.00 psychological level. EUR / JPY turns […]
EUR / JPY rises to two-week highs near 130.50
EUR / JPY extends bullish run after breaking 130.30. Dollar weakness, together with rise in equity markets fuel the cross’s rebound. The EUR / JPY broke above 130.20 first and then the 130.30 barrier, climbing to 130.48, the highest level since July 13. The price remains in the high zone, driven in part by the […]
EUR / JPY seems offered, returns to the zone below 130.00
The EUR / JPY rally faltered once again at the low of 130.00. Falling yields in the United States favor demand for the yen. Markets attention will be on the US calendar later in the session. The improved tone in the dollar weighs on the sentiment surrounding the European currency and contributes to the downward […]
