EUR/JPY Live News

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Sep. 29, 2022

0.19% boost for Euro-Yen currency pair so far today

Live - Updated 8 minutes ago.

After dipping down to 139.41, Euro-Yen regains earlier losses and reaches 140.56.

Meanwhile, Germany Consumer Price Index came out at 10%, while a consensus of analysts was expecting 9.4%. Germany Consumer Price Index released today at 12:00 UTC with a figure of 1.9%, while the previous figure was 0.3%. Fresh 10-Year BTP Auction data from Italy came out at 4.7.

Concerning technical analysis and more specifically, trend indicators, despite posting gains so far today, EUR/JPY slid below its 50 day Simple Moving Average at 139.7 in earlier trade — an early indicator that a negative trend could be emerging. Price action remains constrained around the key Fibonacci level of 140.37 currently serving as resistance Euro-Yen chart analysis: Euro-Yen broke through the 140.31 resistance and climbed 24 pips above it.

Notwithstanding Euro-Yen's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Elsewhere, other currency pairs are also gaining ground as GBP/NZD shoots up 1.18% to trade around 1.921. USD/CHF is up 0.62% to 0.9824. GBP/CAD surges 0.68% to trade around 1.4923.

Also worthy of note, Germany Unemployment Change is projected to outperform its last figure with 20,000. It previously stood at 28,000; data will be released tomorrow at 07:55 UTC.

Furthermore, the market is looking at Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC. Tomorrow at 06:00 UTC data for Germany Retail Sales will be released, with an expected decline to -1% from the preceding figure of 1.9%.

Euro-Yen is now trading 3.04% away from its significant high of 144.69 first tested 19 days ago.

Euro-Yen social media highlights:

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Week to date

After ending yesterday at 140.56, Euro-Yen improves slightly to 140.56 (up 14,056 pips) .

Trading week at a glance - EUR/JPY is up to 140.56, after closing yesterday at zero. Overall, a 0% move or 14,056 pips this week. (Start trading Euro-Yen at FXTM today).

This move comes while some more positive signs for Euro-Yen are out as Germany Business Climate Index published Monday came out at 84.3, falling short of the 87 projections and continuing its decline from the previous 88.6 figure.

At the same time, Germany Consumer Price Index came out at 10%, while a consensus of analysts was expecting 9.4%. Germany Consumer Price Index released today at 12:00 UTC with a figure of 1.9%, while the previous figure was 0.3%. Italy 10-Year BTP Auction released today at 09:30 UTC with a figure of 4.7, while the previous figure was 3.76. Fresh Consumer Price Index data from Spain came out at 9%.

Also worthy of note, Germany Unemployment Change is projected to outperform its last figure with 20,000. It previously stood at 28,000; data will be released tomorrow at 07:55 UTC.

Furthermore, the market is looking at Japan Tankan Large Manufacturers Index (Q3) will be released Sunday. Japan Tankan Large Non-Manufacturers Index (Q3) scheduled to come out Sunday.