USD / JPY on the defensive as markets brace for a blue wave. A surprise Trump victory could disrupt the currency market. You may have to look for the value of the yen through the crosses. The USD/JPY it is trading at 104.50 between a range of 104.43 and a high of 104.80, down 0.15% […]
Tag: EURJPY
The bounce could extend to 123.60
EUR / JPY bounces off multi-week lows near 121.60. Higher up it is at the 100-day SMA around 123.60. EUR / JPY regains bullish pressure and advances sharply above the key barrier at 122.00 amid widespread sentiment of risk appetite in global markets. The continuation of this uptrend should hit the initial hurdle at the […]
EUR / JPY jumps above 122.50 driven by rally in stocks
EUR / JPY rebounds strongly after falling to three-month lows last week. Rise in stocks and optimism weaken the dollar and the yen. The EUR / JPY accelerated the bullish trend in the last hours before a rally of the EUR / USD and a weakening of the yen throughout the market due to a […]
200-day median offers support
EUR / JPY finds support at the 121.60 area. Lower down is the 200-day SMA around 121.15. The bearish tone of the EUR / JPY appears to have found significant containment at the 121.60 region. The probability of further losses remains at levels of consideration. The initial target is at the 200-day SMA at the […]
EUR / JPY volatile, turns positive above 122.00
EUR / JPY falls to the 121.60 area, where decent support emerges. Lingering risk aversion, the moderate ECB weighs on the crossover. EMU and Germany’s Q3 GDP figures surprised to the upside. The dominant sentiment of risk aversion in global markets continues to fuel the downward momentum of the EUR/JPY, this time to new 3-month […]
Betting on the upside for a move to the 200-day mean
EUR / JPY extends the slide and breaks below the 122.00 support. Lower, the 200-day moving average emerges around 121.10. Bearish momentum over EUR / JPY took an extra pace on Thursday and led to a break below key support at 122.00, hitting a three-month lows. Therefore, more falls are within the favorable scenario and […]
EUR / JPY falls to new lows since July below 122.00 before the ECB
The downward pressure on the EUR / JPY intensifies, falling for the fourth day in a row. Loaded calendar: ECB decision and growth data and unemployment benefits in the US are coming. A generalized rise in the yen and the dollar throughout the market is pushing the EUR / JPY down, in a context where […]
The next support is the 200-day SMA at 121.10
EUR / JPY accelerates the decline below the 123.00 level. Lower down is the 200-day SMA near 121.10. Selling momentum on the EUR / JPY cross has accelerated, with the cross breaking below key support at the round level of 123.00 and simultaneously reaching new multi-day lows. The continuation of the current move lower opens […]
EUR / JPY extends slide to new daily lows below 123.50
EUR / JPY fell for the second day in a row on Tuesday. The market’s cautious attitude helps the JPY to stay strong against its rivals. The growing number of coronavirus cases in Europe could continue to affect the EUR. The pair EUR/JPY It lost nearly 50 pips on Monday and continued to push lower […]
A move to 123.00 is not ruled out
The EUR / JPY extends runs with no clear direction below 124.00. Immediately to the downside the lows of the month are lined up around 123.00. EUR / JPY’s stance remains neutral / bearish so far this week and flirts with the 100-day mean around 123.50 on Tuesday. Further consolidations are likely amid a broad-based […]
