EUR / JPY remains in consolidation mode above the 20-day average. Ahead: Fed Beige Book and Powell Speech. EUR / JPY continues in consolidation mode on Wednesday, for more than a week, moving around 130.00. It is trading at 130.20, virtually unchanged for the day. So far this day, in various crossings of the currency […]
Tag: EURJPY
Greater consolidation in sight
EUR / JPY extends the consolidation move above the 130.00 level. The next resistance on the upside is the yearly highs near 131.00. The EUR / JPY cross extends the multi-day sideways movement above the key round level of 130.00 so far this week. For the time being, further consolidation around current levels seems possible. […]
No change in neutral perspective
EUR / JPY extends the consolidation pattern around 130.00. An overcoming of this year’s highs should put 131.00 on the horizon. EUR / JPY remains sideways around the 130.00 area, on a Tuesday session dominated by sideways movements. Further consolidation around current levels appears to be favored in the very short term. The resumption of […]
More tours in a lateral direction appear on the horizon
EUR / JPY extends the state of consolidation above 130.00. In case of extending the advance, 131.00 appears. EUR / JPY remains without clear direction above the key 130.00 barrier at the beginning of the week. For the moment, a further consolidation around current levels appears to be in favor. The resumption of the uptrend […]
EUR / JPY bounces away from lows and returns to return to 130.50
EUR / JPY moved away from lows in the 130.00 area. Rising US yields put the yen under further selling pressure. US producer prices will take center stage later in the session. The weakening tone surrounding the Japanese yen raises the EUR/JPY to the area of ​​daily highs around 130.45 / 50. EUR / JPY […]
EUR / JPY experiences strong downward correction, falls below 130.00 to lows in one week
Yen strong, pushing EUR / JPY sharply lower on Thursday. Price back to 20-day average, threatens further declines. EUR / JPY is having the steepest decline since mid-March. After testing the highs for the year on Wednesday above 130.50, the price is trading at 129.65, the lowest level since the end of March, and below […]
The chances of more raises are still on the table
EUR / JPY dampens the move to new 2021 highs around 130.70. Next bullish target at 131.00. EUR / JPY is correcting lower after hitting new yearly highs in the vicinity of 130.70 on Wednesday. The recovery remains healthy and a breakthrough to this year’s peaks should put the 131.00 level back on the radar. […]
EUR / JPY defies 2021 highs around 130.60, watch out for FOMC
EUR / JPY pushes higher and tests the 130.60 / 70 zone. The weaker dollar fuels the best mood in the risk space. The FOMC Minutes will dictate market sentiment later in the session. The bias offered continues to weigh on the dollar and contributes to the bullish momentum in EUR/JPY close to yearly highs […]
The 131.00 zone appears on the horizon
EUR / JPY is trading very close to this year’s highs. Above it appears the area of ​​131.00. EUR / JPY advanced even further, approaching the 2021 highs near 130.70 on Wednesday. The recovery remains healthy and an attempt to test the 2021 high at 130.66 (March 18 high) looks increasingly likely in the near […]
EUR / JPY retraces from two-week highs and marks lows below 130.00
The yen gains momentum as yields on Treasury bonds fall. Euro finds support for the EUR / USD rally. EUR / JPY is trading around 130.00 after falling as low as 129.80. The price had previously climbed to 130.55, the highest level since March 18. A sharp decline in USD / JPY weakened EUR / […]
