EUR/JPY trying to stay upright ahead of EU PMIs

The Euro is still showing some bearish weakness after fighting to stay afloat last week. Markets are waking up to measured sentiment for now, but the week is young. The EUR/JPY is falling in early Monday trading, dropping into 132.25 after lifting into 132.45 to start the week. The pair i ...

EUR/JPY awaits range breakout

EUR/JPY is wedged between the 100-day moving average (MA) and the 100-day moving average. Rising wedge pattern sighted on the daily chart. The EUR/JPY is stuck in a narrow range defined by the 100-day moving average and the gradually ascending 200-day MA. As of writing, the 100-day MA is see ...

EUR/JPY: steady ahead of Tokyo open; a test of 100-D SMA?

EUR/JPY: stocks under water, correction running out of steam?  EUR/JPY: a quiet start to Asia, Tokyo to offer anything? Capped by the 100-D SMA at 133.09, EUR/JPY was trading at its highest since 15th Feb in late Asia before a drop in US equities, (investors showed concerns over risin ...

EUR/JPY gives away gains, back near 132.70

The cross retraced the uptick to session peaks above 133.00. Decent support emerges in the 132.70 region so far. EMU’s Current Account surplus widened in February. After posting fresh 2-month tops beyond 133.00 the figure in early trade, EUR/JPY has now returned to the 132.70 regio ...

EUR/JPY: Solidly bid, eyes 4-day high

The JPY is under pressure, tracking the return of risk-on in Asia. EUR/JPY clocks four-day high, but still stuck in a trading range defined by 200-day MA and 100-day MA. The EUR/JPY pair rose to a four-day high of 132.96 in Asia, tracking the uptick in the S&P 500 futures and Asia ...

EUR/JPY now targets 133.00 and above – Commerzbank

The cross is seen advancing towards the 133.00 neighbourhood, according to Axel Rudolph, Senior Technical Analyst at Commerzbank. Key Quotes “EUR/JPY has risen above the 200 day ma at 132.26 and nears the January low and February 21 highs at 133.05/09. Further up lies the 134.25 61.8 ...

EUR/JPY trying for 133.00 as EU CPIs loom

The Euro is scaling higher as the Yen recedes on bullish markets through Asia. EU CPI ahead could knock the EUR back into lows if final figures fail to meet expectations. The EUR/JPY is extending the rally started in the late Tuesday session, trading into 132.90 ahead of the European markets ...

EUR/JPY creates doji candle ahead of ECB speak

The doji candle indicates indecision in the marketplace. Hawkish comments from the ECB's Hansson could boost demand for the EUR. The EUR/JPY created a doji candle on Monday above 132.24 (38.2 percent Fibonacci retracement of the Feb-March sell-off), signaling indecision in the marketplac ...

EUR/JPY sinking with little news to drive the pair

The EUR is drifting lower despite risk-on tinges in the broader markets. Syrian tensions gave way over the weekend and markets are upbeat that retaliatory strikes are off the table. The Euro is drifting lower against the Yen, touching into 132.20 despite a notable lack of risk-off selling i ...

EUR/JPY ignores yield differential, finds acceptance above the key Fib

EUR/JPY rally isn't backed by yield differential. The pair has scaled 38.2 percent Fibonacci retracement of Feb-Mar sell-off. The EUR could run into offers if Deutsche bank news weighs over banking stocks. The EUR/JPY pair has rallied 2.76 percent since March 23 despite the range boun ...

EUR/JPY retreats from tops, back around 132.60

The cross is receding some ground after testing peaks in the 132.90 area. The Japanese currency remains on the defensive for the third week in a row. The cross clinched the area of 7-week tops below 133.00 earlier in the day. The Japanese Yen is extending the weekly downside on Friday and i ...

EUR/JPY: consolidating while Syria risk dies down, for now

EUR/JPY: consolidating while markets await the outcome of Trump's meetings on Syria. EUR/JPY: supported by the rising 4hr-200 SMA. EUR/JPY has moved into a consolidation around the 132.20 level, with the price supported by the rising 4hr 21-SMA at 132.12. Currently, EUR/JPY i ...

EUR/JPY: tracking syia news, yen spikes, cross drops to test 200-D SMA

Tracking Syria news, yen spikes, cross drops to test 200-D SMA. EUR/JPY: headed back to test 131.70? EUR/JPY is up to meet the 50-hr SMA at 132.24 within a sideways consolidation between 131.80/60. Currently, EUR/JPY is trading at 132.21, up 0.10% on the day, having posted a daily high a ...

EUR/JPY weaker, challenges 132.00

The softer tone around the single currency is dragging the cross lower. The critical support at the 132.00 handle comes under extra pressure. Easing geopolitical risks are bolstering JPY-selling. The strong and renewed selling bias around both the Japanese safe haven and the European currenc ...