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Euro/Japanese Yen (EUR/JPY) Exchange Rate
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Despite the bearish effects that Trump’s comments on tariffs had on the USD, the overall trend remains bullish as long as the pair remains above the 110.00 resistance level.
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 14, 2018.
The common currency Euro had earlier struck a fresh 5-week peak versus the US Dollar as concerns that a global trade war had been brewing now seem to be receding.
Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of February 19, 2018.
Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of January 15, 2018.
The US Dollar continued its slide versus the Japanese Yen after a sentiment shift in the wake of yesterday’s move by the Bank of Japan.
Rising risk-on sentiment helped the EUR/USD to resume strong gains, as the pair moved towards the highest levels in 28 months, reaching towards the resistance at the 136.36 level, the highest level since October 2015.
The EUR/JPY is established around 135.60 level for the 4th day in a row, which created a cluster threatens to have a corrective moves of profit taking at any time
Gains for the EUR/JPY stopped around the resistance level at 135.60 awaiting stronger stimulates to continue the bullish move which took this pair to its highest levels
There is an increase of risk appetite among investors despite thin liquidity in the markets due to holiday season, however, the EUR/JPY succeeded in testing a new record
Technically, the EUR/JPY upward chance is still stronger as shown on the daily chart.
The EUR/JPY gains halted around 134.88, the highest level for the pair since 2015.
Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of October 23, 2017.
For the third day in a row, the EUR/JPY is trying to stabilize above the resistance level at 132.00 to support the upward path of the pair.
The EUR/JPY retreated yesterday to the support level at 131.65 during yesterday’s trades, in light of the correction path going on for three sessions after a gain to the peak at 133.48 during last week's transactions.
The Japanese Yen saw broad gains in the wake of the rhetoric bandied about by the leaders of the US and North Korea.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for August 7, 2017.
Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of July 31, 2017 here.
The EUR/JPY pair respected the support level at 128.50 for many sessions lately, which supports continuing the upward momentum, the pullback was only due to profit taking.