EUR / JPY rally from 129.50 loses steam. Selling pressure is expected to ease from climbing past 132.70. The downward momentum of EUR/JPY appears to have reached initial support in the 129.50 region last week. This area of ​​support coincides with April lows. The continued recovery points to some minor hurdles at the 100-day SMA […]
Tag: EURJPY
EUR / JPY firmer, recovers the level 130.00 and exceeds it
EUR / JPY bounces away from recent lows at 129.50. The dollar remains offered amid increased appetite for risk. The ECB published its accounts for the June meeting. The offered tone in the dollar allows additional gains in the single currency, while raising the EUR/JPY above the psychological level of 130.00. EUR / JPY finds […]
EUR / JPY bounces away from 3-month lows near 129.60
EUR / JPY remains on the defensive and falls below 130.00. The JPY is further appreciated by falling US yields. The ECB announced a symmetric inflation target of 2%. The solid pace of the Japanese safe haven weighs heavily on the risk complex and dragged the EUR/JPY to new 3-month lows in the region of […]
EUR / JPY is under pressure near 130.50, watch out for the FOMC Minutes
The EUR / JPY cross extends the downward movement to 130.50. Risk aversion is prevalent in global markets so far. Investor attention is expected to be on the FOMC Minutes. Persistent risk aversion keeps the dollar propped up and put the EUR/JPY under further downward pressure on Wednesday. EUR / JPY faces the next support […]
Greater consolidation expected ahead
The EUR / JPY struggles to find a direction around the 131.60 region. Extra support comes at the 100-day SMA near 131.00. The EUR/JPY It operates without a clear direction at the beginning of the week. The continuation of the state of consolidation seems likely at least in the short term. Losing from last week’s […]
EUR / JPY remains in a tight range around 131.60
EUR / JPY fades the initial rally to the 131.90 area. The improved tone in the yen affects the crossover. Trading conditions remain tight as US markets are closed. The negative bias around the dollar supports both the euro and the Japanese yen, prompting the EUR/JPY to operate without direction in the 131.60 zone on […]
More possible raises over 132.80
EUR / JPY adds to Wednesday’s gains above the 132.00 level. Further to the upside above the resistance line (132.80) is expected. The EUR/JPY extends rebound after bottoming at weekly lows near 131.30. The continuation of the recovery needs to overcome the 132.80 area, where the resistance line is located (from the 2021 lows), to […]
EUR / JPY reverses decline, reaches gains near 131.50
The EUR / JPY weekly lower leg found support near 131.30. The flash CPI of the EMU was 1.9% year-on-year, the core CPI rose 0.9% year-on-year. The US ADP report surprised to the upside with 692,000 jobs in June. The EUR/JPY it is trading in a tight range around 131.50 in conjunction with broad-based consolidation […]
Intermediate support emerges around 130.80
The EUR / JPY extends the bearish tone and approaches the 131.00 area. Initial support emerges at the 100-day moving average at 130.80. The backward movement of EUR/JPY It seems to have run out of strength in the 131.30 area so far this Wednesday. Following the rejection of last week’s highs around 132.70, the cross […]
EUR / JPY falls to weekly lows around 131.50
EUR / JPY further extends the recent break below 132.00. Key support emerges at the 130.00 level (June 21). The better mood of the dollar weighs on the space associated with risk and forces the EUR/JPY to retreat toward 131.50, or multi-day lows. EUR / JPY looks at the US economic agenda. The EUR / […]
