Share: The EUR/JPY followed the Friday technical rally into a new high for the week. The Euro pulled out of an early dip in the week, closing higher for three straight days. Japan inflation ticked higher on Friday, next week has Eurozone inflation in the barrel. The EUR/JPY rose for the third straight
Share: EUR/JPY sees a 0.19% rise, maintaining a position below the YTD high of 164.30 amid US and Japan holidays. For further bullish momentum, EUR/JPY needs to breach 164.00; downside risks include a potential drop towards 161.25 support. The EUR/JPY rose a decent 0.19% yet remains well below the latest cycle and a
Share: EUR/JPY faces a slight downturn but manages to stay above the crucial 163.00 level. The pair touched a three-day low at 162.15, yet a ‘hammer’ pattern in today’s trading indicates potential buyer intervention around the Tenkan-Sen level of 162.37. A move below 163.00 might lead to a further decline towards the day’s
Euro Analysis (EUR/USD, EUR/JPY) Second Data Estimate Points to Stagnant European Growth Europe has been the center of pessimistic fundamental data in recent months as the global growth slowdown advances. Elevated interest rates are helping to constrain economic activity in order to bring down inflation but it remains a delicate balancing act as policy makers
Japanese Yen (USD/JPY) and (EUR/JPY) Prices, Charts, and Analysis USD/JPY continues to press against a multi-decade high. EUR/JPY prints a fresh 15-year high. Fed Chair Powell speaks later in the session. Recommended by Nick Cawley Get Your Free JPY Forecast The current risk-on sentiment dominating a range of financial markets is adding to structural Yen
Share: EUR/JPY advance is tempered by proximity to the year-to-date high of 160.84, with a break above potentially signaling further gains. The threat of Japanese intervention has receded, providing room for the pair’s upward trajectory. Key support levels to watch include the Tenkan-Sen at 159.26 and a stronger confluence of support around 157.59/69.
JAPANESE YEN FORECAST The Japanese yen depreciates sharply against the U.S. dollar and the euro after the Bank of Japan maintains its policy of negative rates and only modestly tweaks its yield curve control program Japan’s Ministry of Finance says it has not intervened in the FX market recently This piece examines the crucial technical