EUR/JPY Bearish Momentum: 0.782% Down In The Last 24 Hours

(VIANEWS) – EUR/JPY (EURJPY) has been up by 0.7822% for the last session’s close. At 10:06 EST on Wednesday, 5 April, EUR/JPY (EURJPY) is $143.08.

Eur/jpy struggles to justify growth optimism for the bloc around 144.00, eu/Japan pmis eyed

Above all, the market’s rush towards bonds drowned the Treasury yields and join the hawkish chatters surrounding the BoJ to weigh on the EUR/JPY prices of late., Repeated failures to cross a descending resistance line from October 2022, close to 144.85 by the press time, directs EUR/JPY towards a convergence of the 21-DMA and 50-DMA, around 142.80.

EUR/JPY (EURJPY) Range

Concerning EUR/JPY’s daily highs and lows, it’s 0.7% down from its trailing 24 hours low of $144.09 and 0.86% down from its trailing 24 hours high of $144.32.

EUR/JPY’s yearly highs and lows, it’s 7.785% up from its 52-week low and 3.559% 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 positive 0.27%, a negative 0.09%, and a positive 0.54%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.61% (last week), 0.61% (last month), and 0.54% (last quarter), respectively.

Previous days news about EUR/JPY (EURJPY)

  • Eur/jpy price analysis: retreats to near 144.00 despite hawkish ECB bets. According to FXStreet on Monday, 3 April, "The EUR/JPY pair has dropped sharply to near 144.00 after a short-lived pullback to 144.50 in the Asian session. ", "On a four-hour scale, EUR/JPY has dropped strongly after facing tough barricades near the horizontal resistance plotted from February 28 high at 145.47. "
  • Eur/jpy price analysis: formation of a symmetrical triangle conveys volatility contraction. According to FXStreet on Tuesday, 4 April, "The EUR/JPY pair has sensed a buying interest after a gradual correction to near 144.20 in the early Asian session. ", "On an hourly scale, EUR/JPY is auctioning in a Symmetrical Triangle chart pattern that indicates a sheer volatility contraction and conveys an absence of a potential trigger. "

More news about EUR/JPY (EURJPY).

Leave a Reply

Your email address will not be published. Required fields are marked *