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Euro Japanese Yen Trade Ideas FX:EURJPY

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Strong bullish trendline support stays strong since 2022. Blue rectangle would be our first bigger support at 142,67. Pair fighting to break the key resistance zone at 145,45 . 61,8% fib retr held up beautifully recently and resisted 2 attacks.

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XRP north korea’s illicit actions has been consolidating in a tight range after its explosive move in the last few days. The ongoing retracement will likely provide an opportunity to accumulate for hodlers before Ripple bulls make a comeback, triggering another massive rally. 2By Peter Nurse Investing.com – The dollar soared in early European trade Thursday, climbing to a nine-month high after the Federal Reserve raised the possibility of starting to cut… Visit site68% of retail investor accounts lose money when trading CFD’s with this provider. The EUR/JPY price has surged to the highest point since 2015 as the Japanese yen sell-off intensifies. Overall, Euro weakness remains on the cards, but other factors could decide its short-term direction.

EUR/JPY – Euro Japanese Yen Analysis

EUR/JPY – This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the ‘base currency’) is quoted in terms of JPY (the ‘counter currency’). Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. Read the “Risk Disclosure Statement” for further details. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate.

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The price has broken through the resistance zone , and after making an extension upwards, it’s ranging. The market overall is bullish on the higher timeframes. Price is testing the lower boundary of the range zone, and it has formed a double bottom . If the market bounces off the support level , then it might go up to retest the upper boundary of the range. On this page, you will find news and analysis of the EURJPY pair. You will also find a live and advanced technical analysis chart for the EUR to JPY exchange rate.

All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Thus, you will notice that the spread or the cost in trading EURJPY is lower than other crosses. It is also a volatile, a feature that attracts forex traders as it allows them to trade more frequently. Comprehensive information about the EUR JPY (Euro vs. Japanese Yen). You will find more information by going to one of the sections on this page such as historical data, charts, converter, Technical analysis, news, and more. The euro is collapsing as concerns about the Eurozone economy continue.

IG Client Sentiment

On top of that, BOJ has one of the most expansionary policies among major central banks and Japanese policymakers are rarely able to catch market participants off-guard. EURJPY is the financial symbol of the exchange rate between the Euro and the Japanese yen. It is typically categorized under “crosses” and is considered as a minor currency pair, this is because it does not involve the US dollar. Regardless of this label, however, EURJPY is one of the most popularly traded currency pairs because both the euro and the yen are also held as currency reserves by economies all over the world; just like the US dollar.

EUR/JPY Price Analysis: Subdued around 143.40s, as bulls prepare for an assault to 145.00 – FXStreet

EUR/JPY Price Analysis: Subdued around 143.40s, as bulls prepare for an assault to 145.00.

Posted: Fri, 17 Feb 2023 08:00:00 GMT [source]

We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse. Investing.com – Japan stocks were higher after the close on Wednesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher.

News & Analysis

View the current EUR to JPY exchange rate below . Explore the sections on this page including historical data, charts, converter, technical analysis, news and more. Select your desired time frame on the EUR vs JPY graph to view minute by minute data or monthly data. Lastly, in EURJPY investing, the trader must also be aware of sentiment analysis. The Japanese yen is regarded as a safe haven asset.

  • All technical studies are available in different time frames.
  • Hey Traders, in the coming week we are monitoring EUJPY for a selling opportunity around 145 zone, EURJPY is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend around 145 resistance zone.
  • The price has broken through the resistance zone , and after making an extension upwards, it’s ranging.
  • Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended.
  • Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.

The EUR/JPY pair is slightly lower after Eurozone inflation data largely met expectations. Gold price has taken its recovery to near the psychological resistance of $2,000.00 in the Asian session. The precious metal has regained traction as investors have ignored hawkish Federal Reserve bets fueled after the release of United States Employment data last week. The Japanese yen pairs were one of the strongest currency pairs part of the FX dashboard in 2021.

Euro / Japanese Yen

Also – pivot points levels for Standard, Fibonacci, Camarilla, Woodie’s and Demark’s are supplied. All technical studies are available in different time frames. Hey Traders, in the coming week we are monitoring EUJPY for a selling opportunity around 145 zone, EURJPY is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend around 145 resistance zone. I would also like to consider EURJPY shorts for a potential JPY strength as it’s considered a classic safe haven in time… EURJPY on the 4h chart after a few test of the daily support at the 140 level started a love to the upside. The price attempt a few times the break of the structure at the round nu,ber level without any success and after the last impulse the market retraced at the 0.382 Fibonacci level and is currently trading below a minor resistance area.

EUR/JPY selling off ahead of CPI and Ueda – FOREX.com

EUR/JPY selling off ahead of CPI and Ueda.

Posted: Thu, 23 Feb 2023 08:00:00 GMT [source]

The price of EURJPY is largely dictated by announcements from the European Central Bank and the Bank of Japan . These are the monetary authorities that decide on the interest rates of the eurozone and Japan that consequently affect the euro and the yen directly. Huge potential for this trade to move down with well over 1,000 pips on the table for the long term swing. Investors are facing a busy week of economic data that includes the release of consumer price and producer price index data for March on Wednesday and Thursday , respectively. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider.

This means that it tends to perform well on news that raises concerns among investors . On the other hand, the Japanese yen tends to weaken in times of risk appetite or when investors are driven by their need to make higher returns on their investments. Understanding market sentiment will help the trader be better in forecasting the direction of EURJPY.

Economic news from the eurozone like GDP, CPI, PMI reports, and employment data also tends to have a significant impact on the currency pair. On the other hand, economic reports from Japan do not spark much volatility on EURJPY. This is probably because Japan has been stuck in a decades-long deflation.

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Leveraged https://1investing.in/ in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.