EUR/JPY Live News

This page provides live coverage and news analysis on the EUR/JPY currency pair

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Nov. 27, 2020

Euro/Yen goes back up to Oct 20 levels, reaching 124.56

(23:18) GMT

Starting the session at 124.17, EUR/JPY rallied above 124.56 for the first time in 5 weeks, gaining 38 pips, and is now trading at 124.56.

Meanwhile, France's Consumer Price Index came out at 0.2, while the projection was zero. France's HICP (MoM) beat the 0.1 projections, with 0.2. Germany GfK Consumer Climate (Dec) published on Thursday at 7:00 AM came out at -6.7, falling short of the -5 projections and continuing its decline from the previous -3.2 figure.

The Euro/Yen nearest resistance level is too vague to call at the moment, nearest support level is at 121.91. Although up today, worth noting that at 123.7, Euro/Yen made an initial breakout below the 3 day Simple Moving Average earlier. The upper Bollinger band is at 125.14, indicating a negative correction might be next. Overall, looking at all the technical indicators, it seems the Euro/Yen is likely to reverse course and start pointing down in the short term.

A look at other markets shows behavior that usually indicates a green move for the Euro/Yen as the Euro gained 0.48% (57 pips), reaching 1.197 levels. The New-Zealand Dollar is trading around 0.7027 after starting the session at 0.7006 (up 0.31%).

In the meantime, The Australian dollar is up 0.45% to 0.739 Sterling is down 42 pips from the beginning of the session and now trading around 1.3356.

Nov. 26, 2020

End of rally? after three days of gains, Euro/Yen down 28 pips today

(22:18) GMT

Meanwhile, Germany's GfK Consumer Climate (Dec) published today at 7:00 AM came out at -6.7, falling short of the -5 projections and continuing its decline from the previous -3.2 figure. Released on Wednesday at 11:00 AM, France's Jobseekers Total showed an uptick, coming in at 3549.7, up from the previous number of 3606.3.

At the same time, after a 2 month hiatus, Euro is back at 1.1946 levels. The Australian dollar hit 0.7378, highest rate in 2 months.

The Euro/Yen is getting closer and is now only 68 pips from the support line at 123.42. Dipping below it might indicate further losses are ahead. The upper Bollinger band was at 125.08, indicating a further downward move might be next. Overall, looking at all the technical indicators, it seems Euro/Yen is neutral for the immediate future, with no clear-cut direction.

The market will keep its eye on the following upcoming macroeconomics indicators: French Consumer Spending is projected to outperform the last figure at 2.9, while it previously stood at -5.1, data will be released tomorrow at 7:45 AM. Japan Tokyo Core CPI (YoY) (Nov) is expected to come out at -0.7 when it's released today at 11:30 PM, This is a decline from the preceding data which was -0.5. French GDP is expected tomorrow at 7:45 AM.

Nov. 25, 2020

Euro/Yen rallies beyond 124.51 for the first time in 5 weeks and a half

(22:18) GMT

Starting the session at 124.25, EUR/JPY rallied above 124.51 for the first time in 5 weeks and a half, gaining 20 pips, and is now trading at 124.45.

The Euro/Yen green move takes place amid mixed market indicators – Data for Germany Business Climate Index released Tuesday at 9:00 AM is better than expected at 90.7, but worse than the previous figure of 92.5.

Meanwhile, Germany's GDP comes out at -3.9, above the estimate of -4.1. This is also a step forward from the previous data of -11.3. Germany's Current Assessment (Nov) released on Tuesday at 9:00 AM is better than expected at 90 but down from preceding data of 90.4 according to new data.

The Euro/Yen is getting closer and is now only 42 pips from the resistance line at 124.92, Crossing it might suggest further gains are ahead. The upper Bollinger band is at 125.03, indicating a negative correction might be next. Overall, looking at all the technical indicators, it seems the Euro/Yen is likely to reverse course and start pointing down in the short term.

A look at other markets shows behavior that usually indicates a green move for the Euro/Yen as the Kiwi gained 0.5% from 0.6975 to 0.701 (34 pips).

In the meantime, Euro hit 1.1933, highest rate in 2 months. After a 2 month hiatus, Aussie/Dollar is back at 0.7376 levels. The Pound/Yen rallied beyond 139.86 for the first time in 2 months.

The market is looking forward to the Euro Zone ECB Publishes Account of Monetary Policy Meeting which is expected tomorrow at 11:30 AM. The Euro Zone ECB Monetary Policy Statement is excepted tomorrow at 12:30 PM. Germany's GfK Consumer Climate (Dec) is expected to come out at -5 when it's released tomorrow at 7:00 AM, This is a decline from the preceding data which was -3.1. Japan's new Tokyo Core CPI (YoY) (Nov) data will be available tomorrow at 11:30 PM. Data is expected to decline to -0.7 from its previous value of -0.5.

Nov. 24, 2020

Euro/Yen rises to 124.19 up 49 pips

(22:18) GMT

The Euro/Yen green move takes place amid mixed market indicators – Data for Germany Business Climate Index released today at 9:00 AM is better than expected at 90.7, but worse than the previous figure of 92.5.

Meanwhile, Germany's GDP beat expectations of -4.1 with new data release of -3.9. This is also a step forward from the previous data of -11.3. Data for Germany Current Assessment (Nov) released today at 9:00 AM is better than expected with 90, but worse than the previous figure of 90.4.

In the meantime, new 2 month high for the Euro at 1.19. The pound hit 1.338, highest rate in 2 months.

The Euro/Yen eyes resistance at 124.92 and is now only 69 pips away. Crossing it might suggest a continuation of a positive trend. The upper Bollinger band is at 124.88, indicating a negative correction might be next. Overall, looking at all the technical indicators, it seems the Euro/Yen is likely to reverse course and start pointing down in the short term.

The market is looking forward to French Jobseekers Total is expected tomorrow at 11:00 AM. German Buba Mauderer's speech will be released tomorrow at 7:40 AM. The Euro Zone ECB Financial Stability Review is scheduled tomorrow at 9:00 AM.

Nov. 23, 2020

Euro/Yen climbs to 123.67 (a 0.43% gain) after starting the day at 123.14

(22:18) GMT

Meanwhile, Euro Zone Services PMI published today at 9:00 AM came out at 41.3, falling short of the 42.5 projections and continuing its decline from the previous 46.9 figure. The Euro Zone Composite PMI published today at 9:00 AM came out at 45.1, falling short of the 45.8 projections and continuing its decline from the previous 50 figure. The Euro Zone Manufacturing PMI released today at 9:00 AM is better than expected at 53.6 but down from the preceding data of 54.8 according to new data.

In the meantime, after a 2 month hiatus, Euro is back at 1.191 levels. The Australian dollar hit 0.7339, highest rate in 2 months.

The Euro/Yen eyes resistance at 124.92 and is now only 118 pips away. Crossing it might suggest a continuation of a positive trend.

The market is looking forward to Germany's Business Climate Index, projected to come out at 90.7 – worse than previous data of 92.7, Data will be released tomorrow at 9:00 AM. Euro Zone ECB President Lagarde's speech is scheduled tomorrow at 2:00 PM. Germany's new Current Assessment (Nov) data will be available tomorrow at 9:00 AM. Data is expected to decline to 87.2 from its previous value of 90.3.