(VIANEWS) – EUR/JPY (EURJPY) has been up by 2.49% for the last 21 sessions. At 09:11 EST on Wednesday, 1 March, EUR/JPY (EURJPY) is $144.82.
Eur/jpy reverses pullback from YTD top as ECB vs. boj play favors bulls, German inflation eyed
Unless providing a daily close below the 100-day Exponential Moving Average (EMA), around 142.10 by the press time, the EUR/JPY pair appears capable of crossing the downward-sloping resistance line from late October 2022, close to 144.50 at the latest., As a result, mostly downbeat Japanese data joins the monetary policy divergence between the ECB and the BoJ to keep the EUR/JPY buyers hopeful.
EUR/JPY’s yearly highs and lows, it’s 16.406% up from its 52-week low and 2.387% down from its 52-week high.
Volatility
EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.07%, 0.04%, and 0.57%, respectively.
EUR/JPY’s highest amplitude of average volatility was 0.47% (last week), 0.49% (last month), and 0.57% (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 price analysis: rises sharply, eyes 145.00. According to FXStreet on Monday, 27 February, "At the time of writing, the EUR/JPY is trading at 144.49, above its opening price by 0.49%.", "The EUR/JPY rallies to fresh 2023 highs around 144.54 and is set to extend its gains, past solid resistance around the November 30 daily high of 144.85. "
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