EUR/JPY (week of 29-02/04)

Advertiser Disclaimer

Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Home

Live News

EUR/JPY

Weekly Summary

Euro/Yen moves up to 130.16 (a 0.58% gain) after starting the week at 129.41 .

EUR/JPY is hesitant but green - from an earlier low of 128.8, EUR/JPY is up to 130.16, gaining 74 pips compared to 129.41 at the start of the week (0.58%). (Start trading Euro/Yen at FXTM today).

A look at other markets also shows green moves, as at 1.5225, EUR/AUD is down to its lowest value in 3 years. After 1 year, yen hit a fresh high at 110.97.

At the same time, GBP/NZD hit 1.9822, highest price in 7 months. The Euro/Pound fell to 0.8488, hitting a 1 year low. The Euro/Dollar hit a 5 month and a half low, as it dropped to 1.17

Apr. 2, 2021

Is the bullish run coming to an end? Euro/Yen ranges around 130.16

(23:18) GMT

While EUR/JPY is on a 10 days up trend Today's session might suggest a slow down – the Euro/Yen is sliding down from 130.27 to 130.16, taking a 11 pip loss (0.09%).

This limbo state for Euro/Yen is reflected by market data published as data for Japan CFTC JPY speculative net positions was released today at 8:30 PM suggests a downwards trend of -59,500, while previous data was -53,500. Euro Zone CFTC EUR speculative net positions were released with a new figure of 73,700, This is down from preceding data of 93,300. The Euro Zone Manufacturing PMI came out at 62.5, above the estimate of 62.4. This is also a step forward from the previous data of 57.9.

As the day reaches an end, a chart visual study suggests the Euro/Yen resistance level is at 130.39. Asset volatility analysis shows that the upper Bollinger band is at 130.73, indicating a downward move might be next.

Overall, looking at the technical analysis landscape, it seems the Euro/Yen is likely to start pointing downward in the short term.

Other markets showed mixed performance as an all-time high for the S&P as it climbed to 4,020.63. The Pound/Yen hit 153.08, highest price in 2 years.

Euro/Yen social media highlights:

How has the EU got its pandemic-response so wrong? One factor is demography, another is politics https://t.co/Uuh7eOgcAs
— The Economist (@TheEconomist) April 2, 2021