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EUR/JPY Bearish Momentum: 0.91% Down In The Last 10 Sessions

(VIANEWS) – EUR/JPY (EURJPY) has been up by 0.91% for the last 10 sessions. At 14:06 EST on Wednesday, 4 October, EUR/JPY (EURJPY) is $156.51.

Eur/jpy attempts to retrace the recent losses near 156.20, eurozone data eyed

The combination of Japan’s finance minister expressing concern about rapid currency moves and the overall risk-off sentiment appears to be supporting the Yen’s safe-haven appeal, which could put a ceiling on the advance of the EUR/JPY cross pair.

EUR/JPY’s yearly highs and lows, it’s 13.905% up from its 52-week low and 2.017% 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 0.21%, a negative 0.07%, and a positive 0.41%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.43% (last week), 0.27% (last month), and 0.41% (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 price analysis: faces support at around 157.00, as bearish outlook weigh on the cross. According to FXStreet on Tuesday, 3 October, "Conversely, if EUR/JPY reclaims the Tenkan-Sen at 157.59, that could pave the way to test the Senkou-Span A line at 157.88. ", "The EUR/JPY retreated from last week’s high of around 158.47 amid fears of an intervention by Japanese authorities, dropped 0.54% on Monday, and reached the top of the Ichimoku Cloud (Kumo) at around the current exchange rate. "

More news about EUR/JPY (EURJPY).

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