EUR/JPY remains stable above 172.00, waiting for new developments.
EUR/JPY is still struggling to gain significant momentum on the second day, Tuesday. Uncertainty surrounds the BOJ’s interest rate decisions, along with hopes for a peace agreement between Russia and Ukraine. Speculation about immediate ECB rate cuts adds support for the euro and current pricing. The EUR/JPY cross has continued its sideways movement for a […]
EUR/JPY Price Outlook: Optimistic perspective remains above 172.50 with a risk-on attitude
EUR/JPY gains traction, approaching 172.60 during the Asian session on Monday, marking a 0.20% increase for the day. Positive sentiment surrounds the pair as it trades above the significant 100-day EMA, with bullish indicators from the RSI. Immediate resistance is noted at 173.00, while the first support level to monitor is at 171.51. During Monday’s […]
EUR/JPY holds steady as US trade talks progress and ECB decision approaches
The EUR/JPY remains steady as Japan takes a measured approach, while the EU braces for heightened tensions with the US. The ECB’s upcoming rate decision is likely to influence the EUR/JPY as well. The EUR/JPY has surpassed a moving average resistance level close to 172.00. The Euro (EUR) is trading in a narrower range against […]
EUR/JPY stays near 171.50 after retreating from its yearly peaks
EUR/JPY is expected to decline after reaching a one-day peak of 172.28 on Wednesday. Due to rising trade anxieties, the Japanese yen is likely to benefit as a safe haven. Maros Sefcovic from the EU stated significant progress has been made toward a framework trade agreement with the US. EUR/JPY has been weakening for the […]
EUR/JPY Price Outlook: Important resistance level appears around 166.50
EUR/JPY is likely to rise to about 166.50 during early European trading on Monday. The optimistic outlook for the pair seems to outweigh the significant 100-day EMA, supported by bullish RSI indicators. Key resistance levels are anticipated around 166.90-167.00, with initial support at 164.95. The EUR/JPY pair reached approximately 166.50 at the start of European […]
EUR/JPY Price Prediction: Positive outlook continues near 164.50
EUR/JPY has lost some momentum, currently sitting around 164.40 during early European trading on Wednesday. The outlook for this currency pair remains positive as it stays above the significant 100-day EMA, with bullish readings on the RSI. The first resistance level to note is at 165.00, while initial support can be observed at 163.51. The […]
EUR/JPY depreciates to near 159.50 as Japanese Yen rises amid hawkish BoJ – FXStreet
EUR/JPY will lose ground as the Japanese yen moves forward, as the BOJ rate hikes grow even more. Japanese pastor Kinosaki said the authorities will take appropriate measures regarding US mutual tariffs. As expected, Eurozone GDP could remain consistent in the previous year of 0.9% growth in the fourth quarter. EUR/JPY continues to lose ground […]
EUR/JPY Price Forecast: Resumes uptrend within ascending trend channel above 160.00 – FXStreet
EUR/JPY extended its gains to around 160.35 in early European trading on Thursday, gaining 0.15% on the day. The cross resumes the uptrend above the key 100-period EMA with a bullish RSI indicator. The immediate resistance level is located at 160.70. An important support level appears at the psychological level of 160.00. The euro/yen cross […]
EUR/JPY depreciates to near 156.00 as BoJ holds hawkish stance – FXStreet
EUR/JPY fell after the Bank of Japan hinted at further interest rate hikes if the economic outlook meets expectations. The Bank of Japan may raise interest rates to 0.5% by the end of 2024, according to a Fitch Ratings report. ECB policymaker Joachim Nagel said core inflation was heading in the right direction. EUR/JPY fell […]
EUR/JPY Price Analysis: Extends its upside above 166.50 amid the overbought condition – FXStreet
EUR/JPY gained momentum on Thursday near 166.85, its highest since 2008. The cross maintains a bullish atmosphere with an overbought RSI condition. The first resistance level appears at 166.82. Initial support level is 165.35. At the beginning of Thursday’s European trading session, the euro/yen cross was trading in positive territory for the fifth day in […]