(VIANEWS) - EUR/JPY (EURJPY) has been up by 2.5% for the last 21 sessions. At 19:06 EST on Thursday, 22 August, EUR/JPY (EURJPY) is $162.40.
Eur/jpy price forecast: the next bullish target to watch is above 162.50
The EUR/JPY cross holds positive ground around 162.00 during the early European session on Thursday. , EUR/JPY keeps the bearish vibe unchanged on the 4-hour chart as the cross is currently below the key 100-period Exponential Moving Averages (EMA).
EUR/JPY's yearly highs and lows, it's 9.885% up from its 52-week low and 7.419% 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 0.09%, a negative 0.22%, and a positive 0.40%, respectively.
EUR/JPY's highest amplitude of average volatility was 0.48% (last week), 0.60% (last month), and 0.40% (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 jumps to 163.00 amid notable JPY supply, looks to final eurozone CPI for some impetus. According to FXStreet on Tuesday, 20 August, "The EUR/JPY cross rallied nearly 130 pips from the Asian session low, around the 161.70 region and spikes to a fresh daily peak in the last hour amid the emergence of fresh selling around the Japanese Yen (JPY). ", "Investors now look forward to the release of the final Eurozone CPI print, which might influence the Euro and produce some short-term trading opportunities around the EUR/JPY cross."
- Eur/jpy rises to near 162.00 due to record trade deficit in Japan, eurozone PMI eyed. According to FXStreet on Wednesday, 21 August, "This upside of the EUR/JPY cross could be attributed to the tepid Japanese Yen (JPY) following the release of Trade Balance data on Wednesday."
- Eur/jpy bounces back to 162.50 as yen corrects with national CPI in focus. According to FXStreet on Wednesday, 21 August, "The EUR/JPY pair rebounds sharply from the intraday low of 161.40 to near 162.50 in Wednesday's European session. "
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