EUR / JPY was unable to capitalize on its rally, but instead encountered new offers near the 126.35-40 zone. A strong recovery in demand for the JPY was seen as a key factor putting pressure on the cross. Market optimism and a strong euro should help limit the deepest losses, at least for now. It […]
Tag: EURJPY
EUR / JPY finds resistance again at 126.50 ahead of the ECB
Market focuses attention on ECB decision. EUR / JPY stops again at the 126.50 barrier and retreats. The EUR / JPY is trading at 126.25 / 30, positive for the day and bouncing from a week’s lows to which it fell on Wednesday.. The cross remains in the recent range in the previous decision of […]
Aiming for more consolidation ahead
EUR / JPY remains on the sidelines around the 126.00 area. Immediately to the upside come the 2020 highs just above 127.00. The neutral stance of several sessions of the EUR/JPY holds good and solid on Wednesday, always around 126.00. The EUR / JPY entered a consolidation phase following last week’s rejection from highs near […]
EUR / JPY retreats after stopping again at 126.50 and falls towards 126.00
EUR / JPY remains in ranges near the highs of the year. Yen and euro with the majority of ranges in the previous days moved. EUR / JPY is trading at the day’s lows at 126.02, with a very short-term bearish tone, after having encountered resistance at the 126.50 area. The euro is operating sideways […]
EUR / JPY Cautious Above 126.00 As Euro Traders Watch For Upcoming Key Events
EUR / JPY remains supported above 126.00 Tuesday amid dovish trade as traders watch for key risk events later in the week. Euro traders await Thursday’s ECB meeting and developments on Brexit and the EU recovery fund ahead of the EU summit. The EUR/JPY it is trading modestly on Tuesday and has generally held well […]
EUR / JPY Price Analysis: Possibility of further consolidation
EUR / JPY extends consolidation around 126.00. Then on the upside, the 2020 highs emerge just above 127.00. The EUR / JPY extends the erratic performance on Tuesday, always around the 126.00 stick, in a day of range travel in financial markets. After hitting last week highs around 126.70, the EUR / JPY is now […]
Possible consolidation before more raises
EUR / JPY appears to be consolidating at the upper end of the range. To the upside, the 2020 highs appear just above 127.00. EUR / JPY is managing to sustain above the key 126.00 barrier, clinging to last week’s gains. After hitting last week highs around 126.70, the EUR / JPY now appears to […]
Still targeting the 127.00 region
EUR / JPY resumes higher and tests the 126.70 area. To the upside, 2020 highs emerge just above 127.00. EUR / JPY leaves Thursday’s retracement behind and resumed its rise towards new highs in the 126.65 / 70 band on Friday. If the buying pressure manages to gain more traction, then the 2020 peaks at […]
Firm bets for a move to 127.00 (and beyond)
EUR / JPY remains well above the 126.00 barrier. Higher up, it will target current year’s highs around 127.00. EUR / JPY extends the rally well above the 126.00 barrier amid persistent improvement in the risk complex. If the upward pressure manages to gain more traction, then the 2020 peaks at the 127.00 zone (September […]
Next target emerges at 2020 highs
EUR / JPY broke the key barriers at 125.00 and 126.00. Further upside now points to yearly highs around 127.00. The EUR/JPY adding to the recent strong advance and breaking above key resistance around 126.00 following Tuesday’s breakout of another major hurdle at the 125.00 zone. If the buying pressure manages to gain more traction, […]
