(VIANEWS) – EUR/JPY (EURJPY) has been up by 1.83% for the last 21 sessions. At 16:09 EST on Thursday, 25 May, EUR/JPY (EURJPY) is $150.29.
Eur/jpy price analysis: retreats from around 150.00, amidst euro weakness
The EUR/JPY daily chart suggests the pair remains neutral but tilted to the downside, with the EUR/JPY failing to decisively clear solid resistance at around 150.00. , EUR/JPY oscillates at around 149.70 after the EUR/JPY tumbled as low as 149.27 in the session.
EUR/JPY’s yearly highs and lows, it’s 12.65% up from its 52-week low and 0.855% down from its 52-week high.
EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.04%, 0.34%, and 0.57%, respectively.
EUR/JPY’s highest amplitude of average volatility was 0.34% (last week), 0.64% (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 May have lots of room to fall if it can find a catalyst to get the ball rolling – socgen. According to FXStreet on Tuesday, 23 May, "Japan-German relative manufacturing PMIs suggest EUR/JPY is way too high, Kit Juckes, Chief Global FX Strategist at Société Générale, reports.", "CFTC data show a growing Yen short as well as a huge and growing Euro long, so the EUR/JPY pair may have lots of room to fall if it can find a catalyst to get the ball rolling."
- Eur/jpy price analysis: stalls around 149.20s after hitting a weekly high around 150.00. According to FXStreet on Tuesday, 23 May, "Following Tuesday’s session, EUR/JPY floats at around 149.24, which witnessed the EUR/JPY pair hitting a new weekly high of 150.05, before the cross tumbled as sentiment deteriorated, finishing Tuesday’s session with losses of 0.40%.", "The EUR/JPY daily chart suggests the pair remains neutral but slightly downward biased, as it remains below the year-to-date (YTD) high of 151.61. "
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