Tag Archives: EURJPY

EUR/JPY Price Analysis: A bearish-engulfing candle pattern remeains in play, sellers eyeing 136.00

The EUR/JPY rebounded from 136.29 weekly lows and reclaimed the 137.00 area towards Thursday’s close. The cross-currency pair is neutral-to-downward biased, and a break below 136.31 will send the pair sliding towards 135.80. The EUR/JPY jumps off weekly lows and trims some of Wednesday’s losses amidst a mixed market mood as reflected by the US… Read More »

EUR/JPY drops after facing barricades around 137.00, ECB on track to hike rates

EUR/JPY is declining gradually after failing to sustain above the critical hurdle of 137.00. The shared currency bulls are facing the heat as German Lindner has displayed a gloomy Eurozone outlook. Despite the prolonged ultra-loose monetary policy, the BOJ is failing to inflation rate above 2%. The EUR/JPY pair has slipped to near 136.85 after… Read More »

EUR/JPY Price Analysis: Sellers attack 50-SMA below 137.00

EUR/JPY remains pressured towards short-term key SMA after declining the most in more than a week. Downside break of the one-week-old support line keeps sellers hopeful. 200-SMA, descending trend line from late June adds to the upside filters. EUR/JPY holds lower ground near 136.80, after renewing the multi-day low on the break of the weekly… Read More »

EUR/JPY Price Analysis: Dives sharply below 137.00 as risk appetite improves

EUR/JPY daily chart forms a bearish-engulfing candle pattern with bearish implications. In the short-term, the EUR/JPY might print a leg-up before extending the downtrend. The EUR/JPY plunged on Wednesday due to a risk-on impulse spurred by US inflation data, which ticked lower, dissipating the Federal Reserve’s need for an aggressive tightening. The reaction was that… Read More »

EUR/JPY stays firmer around 138.00 despite sluggish yields, inflation/recession in focus

EUR/JPY picks up bids to refresh intraday high near two-week top. US Treasury yields await more clues after regaining upside momentum the previous day. Russian pipeline halt, hopes of no change in BOJ policy despite acceleration in price rise challenge buyers. Japan PPI improved on YoY, inflation data from China, Germany and the US will… Read More »

EUR/JPY Price Analysis: Climbs towards 138.00 despite a risk-off impulse

The EUR/JPY daily chart illustrates the pair as neutral-to-downwards biased. In the short term, the EUR/JPY might test the 20-day EMA at 138.20 before tumbling to 137.00. On Tuesday, the EUR/JPY finished the session with minimal gains of 0.28%. However, as the Wednesday Asian session begins, the JPY appreciates while Asian stocks are set for… Read More »

EUR/JPY eases below 138.00 despite firmer yields, downbeat Japan data

EUR/JPY picks up bids to reverse the week-start pullback, grinds higher around daily top. Yields consolidate previous day’s losses amid a sluggish session. Japan Machine Tool Orders, fewer challenges for BOJ appear to favor the pair buyers. EUR/JPY remains firmer, following a softer start to the week, despite the latest pullback from the intraday high… Read More »

EUR/JPY Price Analysis: Faces wall of resistance around the 20/100 DMA

On Monday, the EUR/JPY registered minimal gains of 0.14%. EUR/JPY daily chart depicts the pair as neutral-to-downward biased; however, a break above 137.92 could shift the bias. Short term, the EUR/JPY is neutral-to-upwards, but breaks below 137.06, shift the bias to neutral. The EUR/JPY seesaws as the Asian Pacific session begins, just below the confluence… Read More »

EUR/JPY grinds higher towards 138.00 despite Italy’s political jitters, softer yields

EUR/JPY prints five-day uptrend while extending the bounce off the lowest levels since mid-May. Softer US dollar, hopes of sustained easy money policies from the Bank of Japan (BOJ) favor pair buyers. Moody’s downgrade Italy’s credit outlook, yields pare post-NFP gains amid a sluggish session. Downbeat Japan data, weekend numbers from China appeared to have… Read More »