EUR / JPY regains its bullish bias after a test of 130.00. German 10-year yields are trading at new highs around -0.18%. The Chicago Federal Reserve Index of the United States improved estimates by 0.29 in May. The improved tone of the single currency after a corrective decline in the dollar helps the EUR/JPY to […]
Tag: EURJPY
Solid support appears around the 130.00 level
EUR / JPY rallies from previous lows in the 130.00 area. The 50-day SMA around 132.00 emerges as the next hurdle to the upside. After falling to new 2-month lows near the 130.00 region, the EUR / JPY cross manages to regain some upside traction and seeks to retake the 131.00 level. A further rally […]
EUR / JPY experiences tepid rebound to 131.00 after hitting lows in a month and a half
Euro remains under pressure against the dollar and the yen. The Japanese currency remains firm in the face of risk aversion and falling yields. The EUR / JPY is falling modestly on Friday, although it has managed to stabilize and slightly move away from the lows. The price lost ground for the third day in […]
Strong support appears around 131.00 / 130.80
EUR / JPY manages to bounce off the 130.80 region on Friday. The 100-day simple moving average awaits around the 130.40 zone. The EUR/JPY managed to recover somewhat and bounced from multi-week lows at the 130.80 area. Continued weakness may lead to a re-visit to the minor support at the 100-day SMA around 130.40 before […]
The next big support appears at 131.00
EUR / JPY extends the slide to new five-week lows near 132.00. Further down is the next support at 131.00 zone. EUR / JPY accelerated its decline to new multi-week lows near 132.00 on Thursday. The cross is testing the initial support area around 132.00, where the 50-day SMA and the short-term line also coincide. […]
EUR / JPY falls to daily lows, approaching 133.00
EUR / JPY loses more ground and looks to test 133.00. The yen remains offered and weighs on the cross on Wednesday. The FOMC meeting will be the featured event later in the session. Higher buying interest in the Japanese yen forces the EUR/JPY to retreat to the area of ​​new 2-day lows near the […]
Next upside target is at this year’s high
EUR / JPY weakened after rising for two consecutive sessions, but remains above 133.00. Then on the upside, the current year’s high appears just after 134.00. EUR / JPY looks offered and loses some ground on Wednesday after two consecutive daily rallies. If selling pressure kicks in, then the cross could attempt a deeper pullback […]
EUR / JPY clings to gains around 133.40 level
The rise of the EUR / JPY is exhausted near 133.70. The final German CPI rose 0.5% monthly and 2.5% year-on-year in May. US retail sales contracted more than expected in May. A slight upward pressure on the United States dollar has weighed slightly on sentiment around the common currency, forcing the cross EUR / […]
Bullish Extension Targets 2021 Highs
EUR / JPY loses steam after peaking at the 133.70 area. Then, to the upside, the top of this year appears just above 134.00. The EUR / JPY received further selling pressure and is already testing the initial support zone around the 133.00 / 132.90 band. If the recovery regains command, then the cross could […]
EUR / JPY spreads daily gains above 133.00
EUR / JPY rises to the 133.20 area, clears losses from Friday. EUR / USD bounce and USD / JPY rally propel the cross. The EUR / JPY is starting the week with a strong rebound from three-week lows at the 132.65 zone and just hit daily highs just above 133.00. The combination of the […]
