EUR/JPY could test 125.75 on a drop below 128.00 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the cross could weaken to the 125.75 level on a close below the 128.00 handle. Key Quotes “EUR/JPY has been rejected by the 55 day ma at 130.42 and 2018 downtrend line at 130.80. It is on the defensive and an erosion o ...

EUR/JPY Technical Analysis: rejected near 50-day SMA post-ECB

   •  Retreats sharply from 50-day SMA after ECB said that the key interest rates are expected to remain at their present levels at least through the summer of 2019.    •  Repeated failures ahead of a short-term moving average, for the third time in the pas ...

Japan: Busy week for trading of yen-crosses – Nomura

Yujiro Goto, Research Analyst at Nomura, points out that in Japan, a candidate (Hideyo Hanazumi) supported by the ruling coalition (LDP/Komeito) won the Niigata governor election over the weekend. Key Quotes “The Abe cabinet’s approval rating has been stabilising, and Mr ...

EUR/JPY could slip back to 125.75 on a breakdown of 128.00 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could test the 125.75 region if 128.00 is cleared. Key Quotes “EUR/JPY is consolidating below the 55 day ma at 130.55 and downtrend at 131.01 – so far it is showing no sign of failure here. An erosion o ...

JPY: staying long into risk-laden week – TDS

Analysts at TD Securities are staling ling of the yen into this risk-laden week. Key Quotes: "With the Fed set to deliver a widely expected rate hike and the ECB to have a more fruitful discussion about its QE policy, the BoJ will be happy to skirt the limelight this week. Little change ...

EUR/JPY upside capped near 130.00, ECB, Trump eyed

The cross fades the initial spike to session tops near the 130.00 handle. Risk-on sentiment among traders appears to lose some momentum. FOMC, ECB meetings poised to drive markets’ mood later in the week. After climbing as high as the boundaries of the critical 130.00 milestone in earl ...

EUR/JPY gains to 131.34/48 are not ruled out – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the cross could extend the upside to the 131.34/48 band. Key Quotes “EUR/JPY continues to rally but appears to be struggling ahead of the 55 day ma at 130.61 and downtrend at 131.15. Near term we unable to rule out scope fo ...

EUR/JPY: weighing down EUR/USD as US stocks roll over

EUR/JPY has been weighing on the euro's advance on the 1.18 handle and is extending its downside as stocks slide deeper into negative territory.  EUR/JPY dips below the rising 50-hr SMA at 129.42, 129 handle comes under threat judging by 23rd May decline and lack of support.  ...

EUR/JPY: Further recovery – Nomura

EUR/JPY was hit last week by rising uncertainty on Italian politics, but given the extent of BTP-Bund spread widening, the reaction of EUR/JPY has been relatively muted, according to Yujiro Goto, Research Analyst at Nomura. Key Quotes “It appears our initial assessment that EUR’ ...