EUR/JPY rises to 183.40 after falling to 182.05 amid a suspected intervention
The euro (EUR) experienced a significant drop against the Japanese yen (JPY) on Wednesday, declining from just under $185.00 to $182.05, though it later rebounded to around $183.40. This fluctuation in other yen-related markets suggests potential intervention from Japan’s Ministry of Finance (MOF). While there has been no official comment from Japanese authorities regarding the […]
EUR/JPY declines as Eurozone growth faces intervention-supported Yen
On Monday, the EUR/JPY pair was hovering around 184.00, showing a slight dip of 0.04%. This trend reflects ongoing differences between the robust eurozone and the Japanese yen, which is being bolstered by defensive capital flows. Looking at Europe, recent data has lent some support to the euro. Notably, the S&P Global Manufacturing Purchasing Managers […]
EUR/JPY Price Outlook: Drops close to 183.00 as negative trend continues
The EUR/JPY currency pair experienced a drop for the second consecutive day, trading near 183.00 during early European hours on Friday. A look at the daily chart reveals that it remains below both the 9-period and 50-period exponential moving averages (EMAs), which suggests a short-term bearish sentiment for this currency cross. Having retreated from its […]
EUR/JPY stays low under 187.00 due to risk-averse attitude impacting the Euro
EUR/JPY Fluctuation Amid Geopolitical Tensions Following three consecutive days of increases, EUR/JPY experienced a slight dip, trading around 186.80 during Asian hours on Wednesday. The euro is facing challenges, largely fueled by increasing risk aversion connected to uncertainty surrounding a potential ceasefire in the Middle East. According to a report by The Wall Street Journal, […]
EUR/JPY Price Outlook: Stays above 181.50, optimistic perspective continues
During the early hours of Tuesday’s European trading session, the EUR/JPY pair held steady near 181.60. The Japanese yen had weakened against the euro due to rising concerns over economic instability triggered by a significant 7.6-magnitude earthquake that struck the Tohoku region late Monday. Furthermore, disappointing gross domestic product (GDP) figures for Japan’s third quarter […]
EUR/JPY Price Prediction: Positive trend continues above 181.00
EUR/JPY Update: Market Movements and Insights During the early hours of the European session on Friday, the EUR/JPY currency pair was spotted trading down, around 181.05. This downturn followed some verbal remarks from Japanese officials, which contributed to a slight increase in the yen’s value against the euro. Traders are notably looking ahead to key […]
EUR/JPY Price Outlook: Important resistance level appears around 180.00
EUR/JPY Exchange Rate Update The euro/yen cross dropped to about 179.70 during early European trading on Tuesday. After reaching a record high recently, it has pulled back somewhat. Still, the ongoing decline of the Japanese Yen (JPY) suggests that further losses may be somewhat limited for the cross. In response to the shifting economic landscape, […]
EUR/JPY rises to around 179.00, reaching its highest point since August 1992.
Euro/Yen Cross Hits New High The euro/yen exchange rate climbed for the fourth consecutive day and marked five days of overall growth within the last six, reaching a high not seen since August 1992 during Wednesday’s session in Asia. The current trading price is just under 179.00, reflecting an increase of around 0.25% for the […]
EUR/JPY stays steady around 176.50 as demand for safe-havens decreases
EUR/JPY Currency Update The EUR/JPY has bounced back from its previous losses and is now trading close to 176.50 during Asian trading hours on Monday. This rise comes as the Japanese yen faces challenges, partly due to a drop in safe-haven asset demand linked to reducing tensions in US-China trade relations. Recently, former President Trump […]
EUR/JPY Price Outlook: Optimism remains above 171.00, focusing on French politics
EUR/JPY is expected to reach around 171.25 in early European trading on Thursday. The outlook for this cross appears positive beyond the 100-day EMA, although bearish signals from the RSI should be monitored closely. The immediate resistance level is at 172.67, while the first support level to keep an eye on is 170.60. The EUR/JPY […]