EUR/JPY (week of 12-16/09)

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Weekly Summary

Euro-Yen is trading around 143.19, after closing the previous week at 143.19 (down 0%) .

A good end to the trading week, EUR/JPY is up to 143.19, after closing yesterday at zero. Overall, a 0% move or 14,318 pips this week. (Start trading Euro-Yen at FXTM today).

At the same time, Germany ZEW Economic Sentiment Index came out at -61.9, while a consensus of analysts was expecting -60. Japan CFTC JPY speculative net positions released today at 19:30 UTC with a figure of -80,700, while the previous figure was -58,200. Euro Zone CFTC EUR speculative net positions released today at 19:30 UTC with a figure of -11,800, while the previous figure was -36,300. Euro Zone Core Consumer Prices came out at 4.3%, while a consensus of analysts was expecting 4.3%. Euro Zone Trade Balance (Jul) came out at -34 billion.

Also worthy of note, Germany Producer Price Index expected to decline to 1.5% while its preceding data was 5.3%, data will be available Tuesday. Japan National Core CPI (YoY) (Aug) is scheduled for Monday. Euro Zone Composite PMI is expected Friday.

Sep. 16, 2022

Risk-off sentiment sees Euro-Yen posting 0.23% loss

(23:18) GMT

Euro-Yen slides down from 143.52 to 143.19 today, losing 33 pips (0.23%).

Meanwhile, Euro Zone Consumer Price Index came out at 9.1%, while a consensus of analysts was expecting 9.1%. Japan CFTC JPY speculative net positions released today at 19:30 UTC with a figure of -80,700, while the previous figure was -58,200. Euro Zone CFTC EUR speculative net positions released today at 19:30 UTC with a figure of -11,800, while the previous figure was -36,300.

Trend-focused traders would be interested to note that despite being in the red so far in the current trading session, EUR/JPY peaked above its 10 day Simple Moving Average around 143.37 — typically an early indicator of a new bullish trend beginning to emerge. Price action remains constrained around the key Fibonacci level of 142.53 currently serving as support. If price action breaks below, the next Fib hurdle is 141.87. As the trading day comes to an end, chart analysis indicates

All in all, the technical analysis suggests Euro-Yen has no clear-cut direction.

In the meantime, negative performances are also seen in other pairs as GBP/NZD closed at 1.9058 (down 0.83%). GBP/JPY falls 0.8% to trade around 163.21.

Though Euro-Yen has been dropping, other pairs have been performing better: EUR/GBP ascends 0.52% to trade around 0.8768.

Furthermore, Euro Zone ECB's Lane speech will be released tomorrow at 16:45 UTC.

The currency pair has been trending positively for about a month. Having set a peak of 144.69 around 6 days ago, Euro-Yen is now trading 0.81% below this level.

Euro-Yen social media highlights:

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