EUR/JPY Weekly Analysis (week of 20-24/07)

Euro Zone Purchasing Managers Index is projected to outperform last figure with 51.0, while it previously stood at 48.3, data will be released today at 8:00 AM.

Jul. 24, 2020

After starting the day at 123.88, Euro/Yen draws back to 123.36 (down 51 pips)

(20:00) GMT

EUR/JPY is dark red after losing 51 pips, tumbling down to 123.36.

This downslide might be related to financial indicators data published earlier as Euro Zone Consumer Confidence fall short of the -12.0 projections, with -15.0 and continued its downward trajectory from previous figure of -14.7. Data for Lithuania Money Supply was released Thursday 6:00 AM suggests a downwards trend with 1.20%, while previous data was 7.70%.

Nonetheless, encouraging indicators for Euro/Yen published earlier when Germany GfK German Consumer Climate (Aug) beats expectations of -5.0 with new data release of -0.3. This is also a step forward from the previous data of -9.4.

At the same time, interesting moves noted elsewhere when Euro/Dollar is trading around 1.16 after starting the session at 1.145 (up 1.31%). Gold is trading around 1899.2 after starting the session at 1890.0 (up 0.49%).

Jul. 23, 2020

Euro/Yen hovers around 123.9

(22:00) GMT

EUR/JPY slides down from 123.97 to 123.9, taking a 6 pips loss (-0.06%).

This in-between state for Euro/Yen is reflected by market data published as Germany GfK German Consumer Climate (Aug) beats expectations of -5.0 with new data release of -0.3. This is also a step forward from the previous data of -9.4. Japan Purchasing Managers Index released Wednesday 12:30 AM with a figure of 45.2, this is better from previous number of 45.0. France French Business Survey (Jul) released earlier shows an improvement to 82 from the preceding data of 78, but falls short of the projected 85.

Meanwhile, mixed performance are seen elsewhere as Euro/Dollar is trading around 1.16 after starting the session at 1.145 (up 1.31%). Pound/Yen is trading around 136.08 after starting the session at 135.715 (up 0.27%).

Jul. 22, 2020

Euro/Yen goes back up to May, 07 19 levels, reaching 124.0

(22:00) GMT

EUR/JPY gains 84 pips and hovers at 123.99 level.

Euro/Yen green move comes while some more encouraging signs are out as Japan Purchasing Managers Index released today at 12:30 AM with a figure of 45.2, this is better from previous number of 45.0. Finland Unemployment released Tuesday 5:00 AM with a figure of 6.7%, this is better from previous number of 10.6%. Greece Current Account released Tuesday 8:00 AM with a figure of -0.914B, this is better from previous number of -1.133B.

In the meantime, interesting moves noted when Euro is trading around 1.16 after starting the session at 1.1425 (up 1.53%). Pound/Yen is trading around 136.36 after starting the session at 134.448 (up 1.42%).


Compare The Top Forex Trading Brokers In Your Location


Jul. 21, 2020

Euro/Yen hits 123.16, highest rate in 6 weeks

(22:00) GMT

EUR/JPY gains 42 pips and hovers at 123.15 level.

This move comes while some more positive signs for Euro/Yen are out as Germany Producer Price Index released earlier shows an improvement to -1.8% from the preceding data of -2.2%, but falls short of the projected -1.6%. Germany Wholesale Price Index released Monday 6:00 AM with a figure of -3.3%, this is better from previous number of -4.3%.

Despite this, other data released earlier might suggest a different path as Data for Slovakia Unemployment was released Monday 7:00 AM is better than expected with 7.4%, but worse than previous figure of 7.2%.

In the meantime, interesting moves noted when Pound/Yen is trading around 135.79 after starting the session at 134.448 (up 1.0%). Euro/Dollar is trading around 1.15 after starting the session at 1.1425 (up 0.66%).

Jul. 20, 2020

After 6 weeks hiatus, Euro/Yen is back at 122.74 levels

(22:00) GMT

EUR/JPY rallied 48 pips (0.39%) deep into the session trading at 122.73.

This move comes while some more positive signs for Euro/Yen are out as Japan Trade Balance released earlier shows an improvement to -268.8B from the preceding data of -838.2B, but falls short of the projected -35.8B. Japan Exports released earlier shows an improvement to -26.2% from the preceding data of -28.3%, but falls short of the projected -24.9%. Germany Producer Price Index released earlier shows an improvement to -1.8% from the preceding data of -2.2%, but falls short of the projected -1.6%.

In the meantime, interesting moves noted when Pound/Yen is trading around 135.71 after starting the session at 134.471 (up 0.92%). Euro/Dollar is trading around 1.14 after starting the session at 1.144 (down 40 pips).

Advertiser Disclosure
Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.