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Euro/Japanese Yen (EUR/JPY) Exchange Rate
EUR/JPY Pivot Points
EUR/JPY Latest Updates
Japanese trade data for December showed the global economic slowdown extended, which drove safe-haven traders to the Japanese Yen.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of January 20, 2019.
Eurozone economic data, led by Germany, continues to show structural weakness.
After price action descended into its short-term support zone, the corrective phase in the EUR/JPY temporarily paused.
Economic data out of Japan, in the form of machine orders that plunged in October, disappointed.
Japanese retail sales plunged in October at a rate twice of the September expansion.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of November 18, 2019.
Trade fears are on the rise once again as the US and China appear to have a growing list of disagreements over how the phase one trade deal should look like.
After an extended period of risk-on across financial markets, traders started to take a closer look at red flags which remain across economies.
After the EUR/JPY reached its resistance zone, the upside momentum started to cripple and a sideways trend emerged which remained centered at the bottom range of this zone.
Today is the second and final day of the EU summit which yielded a new Brexit deal yesterday.
Start the new trading week of September 11, 2019 prepared with our Forex forecast for major currency pairs here!
Risk-on sentiment was dominant during the Asian trading session as the majority of market participants expect a currency pact to be announced
In Asian trade, the US Dollar was largely under pressure on fading hopes for some resolution to the trade discussions between China and the United States.
The Australian dollar fell during most of the week but turned around to show signs of support.
EUR/JPY: Can price action reverse from support?
The single currency lacks momentum for gains against the other major currencies as the economic performance of the Eurozone continues to weaken, led by its largest economy, Germany.
With EUR/JPY abandoning the 120.00psychological resistance, the bearish trend will remain the strongest.
The EUR/JPY pair has been volatile during the month of September, going as low as ¥116, and as high as ¥120.
Bearish momentum in the EUR/JPY is receding as the current sell-off took this currency pair into its short-term support zone.