EUR / JPY touched new yearly highs around 128.00. The selling bias in the dollar supports the cross. Industrial production in EMU contracted 1.6% month-on-month in December. The soft tone of the dollar is fueling the optimistic mood in the risk space and pushing the EUR/JPY to new annual highs in the area of ​​128.00. […]
Tag: EURJPY
Additional gains face the next barrier at 129.30
EUR / JPY pushes higher and hits yearly highs near 128.00. The next hurdle to highlight is in the 129.30 region. EUR / JPY extends the rally and records new 2021 highs in the region just below the 128.00 level on Monday. If the buying momentum picks up, then the next prominent resistance should appear […]
EUR / JPY remains with gains around 127.00
EUR / JPY fades the initial rally to the 127.30 area. The strength of the USD keeps the single currency under pressure. The EUR/JPY it returns to 127.00 after climbing to the 127.30 area earlier in the session. EUR / JPY under pressure to buy USD EUR / JPY is looking to extend the positive […]
The next resistance is at 127.50
EUR / JPY extends recent gains and rises above 127.00. Annual highs near 127.50 appear as the next hurdle. The EUR / JPY cross extends the recent rally and manages to rally above the key 127.00 barrier on Friday. In light of recent price action and the firm tone at the cross, a visit to […]
EUR / JPY rises above 127.00
EUR / JPY extends the rally and tests levels above 127.00. The dollar remains weak, as is the yen in a context of modest rise in the stock markets. Some weakness around the dollar continues to support riskier assets and encourages the EUR / JPY to return to Wednesday’s highs above the 127.00 zone. After […]
Consolidation before future earnings?
EUR / JPY extends recent gains and remains near 127.00. Annual highs near 127.50 appear as the next hurdle. The EUR / JPY cross resumes the rise with a firm tone after the recent inconclusive price action, recovering above the 127.00 level. While further range movement remains on the table in the short term, the […]
It seems to be consolidating in the very short term
EUR / JPY extends Monday’s losses below the 127.00 level. Annual highs near 127.50 appear as the next hurdle. Monday’s test of levels above the 127000 region appears to have motivated the bears to return to the market, triggering the current correction in the EUR / JPY cross. Meanwhile, the price action around the EUR […]
EUR / JPY falls for second day, finds support above 126.50
EUR / JPY weakened, consolidating below 127.00 The yen among the best performing currencies. The EUR / JPY is declining for the second day in a row and continues downhill since hitting a week high of 127.00 on Monday. The price reached a floor in the European session on Tuesday at 126.54 before bouncing. It […]
Expectations rise for a test of the 2021 highs
EUR / JPY extends Friday’s gains and surpasses the 127.00 region. Annual highs near 127.50 appear as the next hurdle. The bulls continue to control sentiment around the EUR / JPY cross at the beginning of the week. The move above the key 127.00 level opens the door for a possible visit from the 2021 […]
Key support remains at 126.00
EUR / JPY bounces after bottoming out near 126.00. Further losses are expected to lead to a test of the 125.60 area. Sellers have so far failed to drag EUR / JPY further below the 126.00 zone this week. The ongoing bounce is considered corrective only and could be part of a wider range of […]
