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

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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.

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