EUR / JPY bounces strongly and clears daily losses. 131.00 zone offers support to the euro. The EUR / JPY erased losses and is trading in the 131.30 / 35 zone, after momentarily falling below 131.00. The euro had a big rebound, driven in part by the rise in the EUR / USD, which returned […]
Tag: EURJPY
EUR / JPY weakens further, approaching 131.00
EUR / JPY resumes falling and is trading near 131.00. The Japanese yen gains traction amid falling US yields. Durable goods orders from the US are next on the calendar. The softer tone in the European currency coupled with the upward pressure in the Japanese safe haven motivates the EUR/JPY to recede even closer to […]
Further consolidation is likely in the short term
EUR / JPY is navigating the lower end of the weekly range near 131.50. More range travel seems to be the name of the game in the very short term. The EUR / JPY reversed Monday’s small gains and returned to the 131.40 / 30 band after the failed attempt to move and stay above […]
EUR / JPY falls to lows in a week, finding support at the 131.30 area
The euro fell against the yen, the dollar and the pound on Tuesday. EUR / JPY reverses Monday’s bullish rally and resumes the correction. EUR / JPY is declining modestly on Tuesday, pushing for a lower EUR / USD. The price of the cross reached 131.28, the lowest level in a week and then rebounded […]
EUR / JPY marks highs at 132.15, but fails to affirm above 132.00
Euro rallies against the yen after Friday’s slide. EUR / JPY remains near highs in years. The EUR / JPY reached 132.15 during the European session and then moderated the rise falling just below 132.00, before a downward correction of the USD / JPY. The cross is rising on Monday, erasing much of Friday’s losses […]
Downward correction as temporary
EUR / JPY is under pressure having set new 2021 highs. Intermediate support appears at the 20-day moving average near 130.50. EUR / JPY is trading lower after hitting new peaks for this year at the 132.35 / 40 area on Thursday. The current price action suggests that the rally remains healthy in the short […]
EUR / JPY accelerates the retracement and falls to the 131.50 area
Euro among the weakest in the group of G10 currencies on Friday. Yen gains momentum before (moderate) retracement in the bags. The EUR / JPY is having the worst day in more than a month, falling by about 50 pips at the moment. The price reached 132.37 on Thursday, the highest level since September 2018, […]
EUR / JPY updates 2021 highs near 132.30
EUR / JPY is moving to levels last seen in October 2018. US yields are fueling the selling pressure of the Japanese yen. The first quarter GDP of the United States surprised to the upside; Claims increased by 553,000. The sell bias in the Japanese yen motivates the EUR/JPY to accelerate the rise to the […]
Probable downward correction
EUR / JPY records new highs in 2021 above 132.00. Overbought conditions could trigger a bearish reaction. The EUR / JPY rally continues unabated and set new 2021 highs past 132.00 on Thursday. The cross accelerated after the recent breakout of the consolidation range in April and surpassed 132.00 for the first time since October […]
EUR / JPY continues to rise and exceeds 132.00 for the first time since October 2018
The yen falls across the market as Treasury yields rebound upward. EUR / JPY rises for the fifth day in a row, in search of the next resistance. The EUR / JPY is rising for the fifth day in a row and continuing uphill, extending gains after breaking the strong 130.60 barrier days ago. On […]
