Euro/Japanese Yen (EUR/JPY) Exchange Rate
EUR/JPY Pivot Points
EUR/JPY Latest Updates
The Japanese Yen is reacting with bearish momentum against the EUR as investors seek its safe haven status.
Start the week of September 13, 2020, with our Forex forecast focusing on major currency pairs here.
The EUR/JPY bullish trend has remained strong long term and in early September the forex pair tested the 127.000 briefly before reversing lower.
The EUR/JPY has experienced a long term bullish trend and its current trajectory doesn’t look as it will face major stumbling blocks.
Start the week of July 12, 2020 with our Forex forecast focusing on major currency pairs here.
Preliminary June PMI data out of the Eurozone releases on Tuesday surprised to the upside but did little to rally the Euro.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of June 14, 2020.
Get the weekly Forex forecast for major currency pairs for the week of May 18, 2020 here.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 3, 2020.
The strength of the Japanese yen and the lack of momentum for the Euro to stop the collapse, pushed the EUR/JPY to retreat to the 115.52 support,
Structural weakness across the Eurozone and the European Union is highlighted by the Covid-19 pandemic, which is forcing the global economy into a recession
After the EUR/JPY moved into its short-term resistance zone, the price action struggled to push higher.
Economic data out of the Eurozone continues to underperform, led by its export engine Germany.
Japanese trade data released yesterday showed a contraction across the board, confirming the global economy remains under stress.
Yesterday’s surprise PMI revisions to the upside out of the Eurozone elevated the Euro, but this is short-term event is close to the end.
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.