(VIANEWS) - EUR/JPY (EURJPY) has been up by 1.3797% for the last session's close. At 19:09 EST on Wednesday, 24 July, EUR/JPY (EURJPY) is $166.54.
Eur/jpy dives to over one-month low amid boj rate-hike bets, eurozone pmis in focus
This, along with the overnight sustained breakdown through the 170.00 psychological mark favors bearish traders and suggests that the path of least resistance for the EUR/JPY cross is to the downside. , The EUR/JPY cross attracts fresh sellers following an early uptick to the 169.20 region during the Asian session and turns lower for the third successive day on Wednesday.
EUR/JPY (EURJPY) Range
Concerning EUR/JPY's daily highs and lows, it's 1.299% down from its trailing 24 hours low of $168.73 and 1.41% down from its trailing 24 hours high of $168.92.
EUR/JPY's yearly highs and lows, it's 12.687% up from its 52-week low and 5.058% 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 0.38%, a negative 0.02%, and a positive 0.38%, respectively.
EUR/JPY's highest amplitude of average volatility was 0.65% (last week), 0.36% (last month), and 0.38% (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 overbought (>=80).
Previous days news about EUR/JPY (EURJPY)
- Eur/jpy attracts some sellers below 170.50 amid boj rate hike hopes. According to FXStreet on Monday, 22 July, "The EUR/JPY cross faces some selling pressure near 170.25 during the early European trading hours on Monday. "
- Eur/jpy remains well offered near one-month low, holds above 170.00 mark. According to FXStreet on Tuesday, 23 July, "This, along with the broader risk sentiment, will influence demand for the safe-haven JPY and provide some meaningful impetus to the EUR/JPY cross.", "Adding to this, the US political uncertainty drives some haven flows towards the JPY and turns out to be a key factor exerting downward pressure on the EUR/JPY cross."
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