Falls to weekly lows but soars towards 139.50s on risk-off mood

The euro recovered some ground vs. the Japanese yen amidst the scenario of Japanese authorities intervening in the FX markets. EUR/JPY Price Analysis: The bounce at weekly lows might open the door for a re-test of 142.00. The EUR/JPY is paring some of Thursday’s losses as the Asian session begins and is posting decent gains … Read more

Steady near the 7-year high, hovers around 141.80s

The shared currency is climbing in the week by 1.17%. Market players’ sentiment turned positive, though it could fluctuate at anytime. EUR/JPY Price Forecast: Consolidating, but subject to mean reversion due to the size and speed of the rally; might fall to the 140.00s before resuming upwards. The EUR/JPY is soaring to 7-year highs, to … Read more

Dribbles around five-week top with eyes on 140.00

EUR/JPY struggles to extend five-day uptrend as bulls flirt with lat April tops. Bullish MACD, firmer RSI portraying upside momentum towards the yearly high. Three-month-long support line appears the key for bears, 61.8% FE lures buyers. EUR/JPY pares intraday gains around multi-day high, easing to 138.50 of late, as bulls take a breath during early … Read more

Bulls crush the rising wedge and lift the pair to 137.50s

EUR/JPY bulls regain control and get ready to aim towards 138.00. Sentiment has improved as China is about to ease some Covid-19 restrictions in Beijing and Shanghai. EUR/JPY Price Analysis: The upside break of the rising wedge and the RSI in bullish territory exerts upward pressure on the cross-currency pair. The EUR/JPY breaks above the … Read more

EUR/JPY tumbles below 136.30 ahead of EU HICP

EUR/JPY has slipped to near 136.27 amid the ongoing EU Leaders Summit. Higher inflation forecasts in Germany and Spain are bolstering the odds of a rate hike by the ECB. Japan’s Unemployment Rate may remain unchanged at 2.6%. The EUR/JPY pair has witnessed some selling pressure after failing to sustain above 136.60 in the Asian … Read more

A rising wedge looms and targets 132.50

The EUR/JPY remains firm in the week, advancing 1.02%. On Thursday, BoJ Kuroda’s hawkish commentary did not weigh on the EUR/JPY. EUR/JPY Price Analysis: To fall towards 132.50 once the rising wedge break is achieved. The EUR/JPY marches firmly inside a “rising wedge” above the 50-day moving average (DMA), advancing for the third day out … Read more