EUR/JPY move lower would be corrective only – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the pair’s down move could have terminated in the 128.30 region. Key Quotes “EUR/JPY has stalled ahead of the 20 day ma and has sold off. The Elliott wave count continues to indicate that the move lower is correctiv ...

ECB in focus this week – TDS

Analysts at TD Securities point out that the week ahead brings a slew of central bank meetings, none of which are likely to reveal a significant enough policy tweak to break recent ranges. Key Quotes “Given some slippage in the data and lack of macro projections however, we do see the ris ...

EUR/JPY Technical Analysis: Weakness could extend to 127.86

EUR/JPY has resumed the downside today along with the continuation of the selling mood around the European currency. The cross met resistance at the 10-day SMA in the 129.80 region today, prompting the subsequent drop to the boundaries of the 129.00 neighbourhood, where it is expected to mee ...

EUR/JPY could still test the 128.00 area – Commerzbank

A drop and test of the 128.00 region is still not ruled out, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/JPY is attempting to stabilise at the 50% retracement at 129.01 and the Elliott wave count continues to indicate that the recent move t ...

EUR/JPY Technical Analysis: Challenging top edge of the falling channel

The EUR/JPY pair is struggling to break above the top end of the falling channel of 129.84, having charted a doji candle yesterday, which indicates indecision in the marketplace. A convincing break above 129.84 would validate yesterday's doji candle and confirm a falling channel breakout ...

Watching EUR/JPY, not to be forgotten or left behind – Nomura

Analysts at Nomura explained that some currencies tend to be forgotten and have argue that EUR/JPY is one of them. Key Quotes: "It has some attractive features. One has to be that both the euro area and Japan share many characteristics – such as having current account surpluses ...