ECB kept monetary policy unchanged. The euro fell to daily lows after the statement. In minutes, Lagarde’s conference begins. The euro fell along the market after the meeting of the Governing Council of the European Central Bank (ECB). The absence of a stronger message to deal with the rise in inflation played against the common […]
Tag: EURJPY
EUR/JPY pulls back above 136.50, eyes yearly highs at 137.50 as ECB meeting looms
EUR/JPY climbed back above 136.50 on Wednesday as the yen failed to benefit from lower US yields. The bulls await a break to yearly highs in the 137.50 area if Thursday’s ECB meeting turns out to be aggressive. US yields continued their recent pullback on Wednesday, despite a worrying US producer price inflation report suggesting […]
EUR/JPY soars to almost two-week highs above 137.00
Yen crash drives EUR/JPY towards recent highs zone. Bullish tone intact despite rise of almost 200 pips. The EUR/JPY is rising sharply on Monday, fueled by the USD/JPY rally. The cross climbed to 137.12 after starting the week near 135.00, thus reaching the highest level since March 29. The EUR/JPY’s bullish tone remains intact despite […]
EUR/JPY remains within weekly ranges just above 135.00
EUR/JPY remains well within ranges this week on Friday just above 135.00 and on track to finish the week flat. Nerves ahead of the French election may have prevented the pair from benefiting from a rise in Eurozone yields. Reports that the ECB has a new crisis tool in the works that would address disorderly […]
The next target on the upside is the 2022 high
EUR/JPY adds to Tuesday’s advance above 135.00. Immediately on the upside comes the yearly high at 137.54. The EUR/JPY extends the bounce from the weekly lows in the 134.30 area and retakes the 135.00 level and above. The underlying bullish momentum in the cross remains unchanged for now. However, EUR/JPY could try to consolidate before […]
Declines from daily highs of 134.75 on tensions between Russia and Ukraine
The shared currency falls against safe-haven pairs such as the dollar and the yen on the problems of Russia and Ukraine. EUR/JPY: Consolidating around the 134.50-135.30 area, no trend. The pair EUR/JPY falls in the American session, following the tracks of the EUR/USD, which also falls below 1.1000, as Germany and France expel Russian diplomats […]
EUR/JPY bounces off the 135.50 area
EUR/JPY rallied to 135.50 as the yen suffered from rising yields and the euro benefited from strong EZ inflation. The ECB’s rhetoric was also noticeably more aggressive and as a result, short-term EUR/JPY bulls are expecting a retest of 137.00. The EUR/JPY rallied into the 135.50 area on Friday as rising yields, particularly in the […]
EUR/JPY pulls back sharply from near 157.00 to 154.50 as European stocks/yields fall
Risk aversion flows into European equities, coupled with falling eurozone yields, weighed heavily on EUR/JPY on Thursday. The pair last traded down 1.0% at the 154.50 area, a sharp reversal from intraday highs closer to 157.00. A sharp drop in euro zone yields, coupled with declines in major European stock markets amid rising energy-related tensions […]
Falls but remains near 136.00
Shared currency bulls failed to hold onto 136.00. Geopolitical developments in Eastern Europe turned the negative sentiment around as Russia backtracked, saying peace talks had made no progress. EUR/JPY Price Forecast: Short-term path of least resistance is skewed to the downside. The EUR/JPY back in the American session, due to risk aversion in the face […]
EUR/JPY hits 136.00 on progress in Russia talks
EUR/JPY remains at 136.00 on positive news from Russia-Ukraine. ECB Chief Economist Lane said it would be appropriate to normalize rates later this year. EUR/JPY Price Forecast: Path of Least Resistance is Up, but would depend on market sentiment. The EUR/JPY it rises in the American session, but is below seven-year highs, driven by news […]
