EUR/JPY Live News

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

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.
Feb. 22, 2024

Kicking off the session at 161.81, Euro-Yen currency pair peaks at 162.93

Live - Updated 12 minutes ago.

After closing the previous trading day at 162.61, Euro-Yen is up to 162.78, which makes for a move of 0.11%/17 pips today.

At the same time, Japan Services PMI released today at 00:30 UTC with a figure of 52.5, while the previous figure was 53.1. Fresh 10-Year Bund Auction data from Germany came out at 2.38.

Trend analysis indicates that investors are seeking long positions as EUR/JPY price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to momentum evaluation, first developed in 1978, the relative strength index (RSI) is a momentum oscillator that measures both the speed and rate of change in price movements within a market — measured as a 0-100 index. In Euro-Yen's case, the RSI has fallen below 30, indicating the asset is oversold. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at 163.22, thereby suggesting that Euro-Yen is becoming overvalued.

Overall, while Euro-Yen has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Other currencies are also rising as NZD/USD rises 0.22% to trade around 0.6194.

While Euro-Yen is up today, these currencies are lagging behind: GBP/NZD is trading around 2.0412 (down 30 pips). USD/CHF is trading around 0.8783 (down 12 pips).

Positive indicators for Euro-Yen are expected going forward as Germany GDP projected to come out at -0.3 — worse than previous data of -0.1; data will be released tomorrow at 07:00 UTC.

The market is looking forward to the release of new data: Euro Zone Consumer Price Index is expected today at 10:00 UTC. Euro Zone Consumer Price Index figure is projected at -0.4%. It previously stood at 0.2%; data will be released today at 10:00 UTC.

Trading mostly sideways for 2 months. This year has been a bright one for Euro-Yen after trading as low as 142.63 and going on to appreciate by 2.8% year to date.

follow us:

Week to date

Market stalemate leaves Euro-Yen hovering around 162.78 .

Trading week at a glance - EUR/JPY is up to 162.78, after closing yesterday at zero. Overall, a 0% move or 16,278 pips this week. (Trade Euro-Yen with FXTM now).

At the same time, Japan Services PMI released today at 00:30 UTC with a figure of 52.5, while the previous figure was 53.1. Fresh 10-Year Bund Auction data from Germany came out at 2.38. Japan Adjusted Trade Balance came out at 240 billion, while a consensus of analysts was expecting -230 billion. Data for Japan Exports published Tuesday came out at 11.9%, beating projections of 9.5% and showing improvement over the preceding figure of 9.7%. Fresh Trade Balance (Jan) data from Japan came out at -1.76 trillion.

Outlook for rest of the week: Positive indicators for Euro-Yen are expected going forward as tomorrow at 07:00 UTC data for Germany GDP will be released, with an expected decline to -0.3 from the preceding figure of -0.1.

Furthermore, the market is looking at Euro Zone Consumer Price Index figure is projected at 2.8%. It previously stood at 2.9%; data will be released today at 10:00 UTC. Euro Zone Consumer Price Index figure is projected at -0.4%. It previously stood at 0.2%; data will be released today at 10:00 UTC.