EUR/JPY Bullish Momentum With A 1% Rise In The Last 10 Sessions

(VIANEWS) – EUR/JPY (EURJPY) has been up by 1.01% for the last 10 sessions. At 17:09 EST on Thursday, 23 February, EUR/JPY (EURJPY) is $142.66.

Eur/jpy sees a downside below 143.00 ahead of Japan’s inflation and boj ueda speech

The EUR/JPY is displaying back-and-forth moves around 143.00 in the Asian session.

EUR/JPY’s yearly highs and lows, it’s 14.673% up from its 52-week low and 3.841% down from its 52-week high.

Volatility

EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.40%, a negative 0.03%, and a positive 0.56%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.58% (last week), 0.51% (last month), and 0.56% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/JPY’s Forex is considered to be oversold (<=20).

Previous days news about EUR/JPY (EURJPY)

  • Eur/jpy grinds near 143.50 with eyes on eu/Japan pmis, yields. According to FXStreet on Tuesday, 21 February, "That said, EUR/JPY traders should keep their eyes on the geopolitical headlines ahead of the key activity data for Japan and the bloc. ", "Furthermore, fading hawkish bias about the Bank of Japan’s (BoJ) next moves, amid fears that Governor Haruhiko Kuroda will play his one last shot of ultra-loose monetary policy before retiring in April, also seemed to have favored the EUR/JPY buyers."
  • Eur/jpy price analysis: beas looking for a break of sturtcure near 142.80/00. According to FXStreet on Tuesday, 21 February, "From an hourly perspective, EUR/JPY is coiled at what could be a meanwhile top in the broader bullish trend as per the daily chart below."
  • Eur/jpy price analysis: retraces below 144.00 after reaching a new YTD high. According to FXStreet on Wednesday, 22 February, "the next line of defense for EUR/JPY bulls would be the psychological 143.00 figure.", "Even though the EUR/JPY pierced 144.00, failure to hold above the latter could exacerbate a re-test of 143.00, as bears take a respite."

More news about EUR/JPY (EURJPY).

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