EUR / JPY came under pressure after hitting new highs for 2021. Next downhill appears the 50-day simple moving average at 129.26. EUR / JPY extends the reversal below the 130.00 level after hitting new peaks for the current year just below 131 on Tuesday. Further weakness is expected to find initial and minor containment […]
Tag: EURJPY
EUR / JPY retreats from new 2021 highs around 131.00
EUR / JPY loses steam after hitting yearly highs near 131.00. The rally in the dollar weakens the rally. German producer prices surprised to the upside in March. The dollar now regains some ground lost at the beginning of the session and causes a slight shake in the single currency, at the same time as […]
Room for more raises above 131.00
The EUR / JPY breaks a strong barrier and records new highs in years. More raises remain on the table above 131.00. EUR / JPY manages to reverse the pessimism seen at the beginning of the week and made new yearly highs at levels just below 131.00 at the start of the European session on […]
EUR / JPY rises to highs since 2018 and approaches 131.00
Euro breaks key resistance against the yen, although it later gave up part of the gains. EUR / JPY has been trading in the high zone since October 2018. EUR / JPY firmly broke 130.60 and jumped to 130.96, reaching its highest level in two and a half years. After this, it lost momentum and […]
EUR / JPY extends its sideways movement around 130.00
EUR / JPY is keeping range trading unchanged on Monday. The JPY buy dragged the cross to a low of 129.70 initially. Japan’s flash industrial production contracted 1.3% month-on-month in February. Increased buying pressure around the Japanese yen weighs on the EUR/JPY and it keeps it within the usual range around 130.00. The persistent liquidation […]
Intermediate support emerges at 129.13
EUR / JPY starts the week on a weak tone and falls to 129.70. There is intermediate support at the 50-day SMA. EUR / JPY managed to reverse an initial decline to the 129.70 region on Monday, and returned above 130.00, cutting losses. The continuation of the current consolidation theme seems the most likely scenario […]
EUR / JPY looks firmer near 130.50 ahead of US data.
EUR / JPY extends the lateralized move above 130.00. US yields and the yen remain in commercial consolidation so far. Investor focus shifts to US consumer sentiment, housing data. The improved tone in the risk space supports the buying interest in the European currency and pushes the EUR/JPY at 130.50 so far Friday. EUR / […]
With room to continue in consolidation mode
EUR / JPY continues to trade sideways near 130.00. Immediately on the upside, they are the peak of this year near 130.70. EUR / JPY extends sideways for a new session on Friday, always above the key 130.00 barrier. The continuation of the current consolidation theme seems the most likely scenario at least in the […]
EUR / JPY remains in consolidation mode near 130.00
EUR / JPY continues to trade sideways, holding above 130.00 on Thursday. Fall in Treasury yields favors the yen. The EUR / JPY continues with the lateral movements, with support around the 130.00 area and without being able to affirm itself above 130.50. On Thursday the cross is falling and is trading at 130.10, approaching […]
A recent consolidation breakout points to 2021 highs
EUR / JPY remains within a consolidation move above the 130.00 level. The breakout of the yearly highs near 130.70 exposes the round level of 131.00. The EUR / JPY cross extends the multi-day sideways move above the key barrier at the round level of 130.00 during the European session on Thursday. For the time […]