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EUR/JPY Bearish Momentum: 0.93% Down In The Last 10 Sessions

ViaNews Editorial Team

September 1, 2024

EUR/JPY Bearish Momentum: 0.93% Down In The Last 10 Sessions

(VIANEWS) - EUR/JPY (EURJPY) has been up by 0.93% for the last 10 sessions. At 15:10 EST on Sunday, 1 September, EUR/JPY (EURJPY) is $161.49.

EUR/JPY's yearly highs and lows, it's 9.267% up from its 52-week low and 7.939% 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 0.32%, a negative 0.14%, and a positive 0.41%, respectively.

EUR/JPY's highest amplitude of average volatility was 0.33% (last week), 0.53% (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).

News about

  • According to FXStreet on Friday, 30 August, "The Dollar downtrend has propelled the EUR/USD pair to the highest level in thirteen months near 1.1200.", "The EUR/USD uptrend remains intact so long as the 1.1107 support holds on a daily closing basis. "
  • According to FXStreet on Friday, 30 August, "After the Spanish CPI figures came in slightly below expectations, causing some temporary weakness in the Euro, the German regional CPI figures caused EUR/USD to drop below the 1.11 level. ", "If an inflation number is going to move the EUR/USD again today, it is more likely to be the euro area one."
  • Eur/usd extends backslide as greenback catches Friday bid. According to FXStreet on Friday, 30 August, "A third downside has tilted Fiber firmly into a bearish pullback, and EUR/USD price action is already halfway to the nearest technical level at the 50-day Exponential Moving Average (EMA) rising through 1.0950.", "While EUR/USD is still trading firmly in bull country north of the 200-day EMA at 1.0855, bids have dropped the Fiber precipitously from yearly peaks reached earlier this week, and bearish momentum could develop some heat."

More news about EUR/JPY (EURJPY).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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