(VIANEWS) - EUR/JPY (EURJPY) has been up by 8.1% for the last 21 sessions. At 19:07 EST on Thursday, 8 August, EUR/JPY (EURJPY) is $160.86.
Eur/jpy pares intraday losses, remains below 160.00 amid hawkish boj-inspired JPY strength
Apart from this, concerns about an economic downturn in the US and China, along with escalating geopolitical tensions in the Middle East, further underpin the safe-haven JPY, which, in turn, exerts pressure on the EUR/JPY cross., The EUR/JPY cross comes under some renewed selling pressure on Thursday and moves away from the weekly peak, around the 161.45 region touched the previous day.
EUR/JPY's yearly highs and lows, it's 8.844% up from its 52-week low and 8.296% 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 0.15%, a negative 0.30%, and a positive 0.38%, respectively.
EUR/JPY's highest amplitude of average volatility was 0.68% (last week), 0.57% (last month), and 0.38% (last quarter), respectively.
Previous days news about EUR/JPY (EURJPY)
- Eur/jpy trims a part strong intraday gains, manages to hold above 159.00 mark. According to FXStreet on Tuesday, 6 August, "The EUR/JPY cross builds on the previous day's goodish bounce from the 154.40-154.35 region, or the YTD low and scales higher during the Asian session on Tuesday. ", "This bodes well with the BoJ's plan to steadily raise interest rates and warrants some caution before placing bullish bets around the EUR/JPY cross."
- Eur/jpy price analysis: boj’s dovish remarks boost the cross above 161.00, bearish outlook remains intact. According to FXStreet on Wednesday, 7 August, " According to the 4-hour chart, the bearish outlook of EUR/JPY prevails as the cross remains below the key 100-period Exponential Moving Averages (EMA). ", "The EUR/JPY cross gathers strength near 161.10, snapping the seven-day losing streak during the early European session on Wednesday. "
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