EUR/JPY rebounds after two consecutive daily retracements. Next on the upside comes the 2022 peak past 144.00. EUR/JPY regains the 142.00 mark and beyond and at the same time leaves behind two straight sessions with losses on Friday. The bullish bias in the cross remains well and sound and the continuation of the recovery could … Read more
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
Euro under pressure, yen soars on risk aversion. Dow Jones tumbles 2.60%, US yields print multi-year highs. EUR/JPY drops almost 500 pips in three days. The decline of EUR/JPY from multi-year highs gained speed on Monday and tumbled under 140.00. From last week highs, it has fallen 500 pips Reversal points to more losses The … Read more
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
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
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 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
EUR/JPY falters once again around the 136.70 region. Extra gain look likely while above the 134.50 zone. EUR/JPY corrects lower after failing once again to extend the recovery further north of the 136.70 area on Friday. The succession of higher lows since mid-May leaves the prospects for further upside well on the table for the … Read more
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
EUR/JPY alternates gains with losses in the sub-136.00 area. Further consolidation looks likely in the near term. EUR/JPY trades in a volatile fashion after climbing as high as the 136.50 region earlier on Thursday. Extra range bound appears on the cards for the cross in the short-term horizon, while gains could accelerate on a break … Read more