(VIANEWS) – EUR/JPY (EURJPY) has been up by 2.75% for the last 21 sessions. At 14:09 EST on Sunday, 26 March, EUR/JPY (EURJPY) is $140.64.
EUR/JPY’s yearly highs and lows, it’s 5.944% up from its 52-week low and 5.206% down from its 52-week high.
EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.25%, 0.02%, and 0.55%, respectively.
EUR/JPY’s highest amplitude of average volatility was 0.58% (last week), 0.62% (last month), and 0.55% (last quarter), respectively.
- Usd/jpy price analysis: bears poke 10-week-old support line near 130.50. According to FXStreet on Friday, 24 March, "Following that, the 130.00 round figure and multiple levels marked in February near 129.30, as well as near 128.00, could test the USD/JPY bears before directing them to the yearly low of 127.21.", "Alternatively, USD/JPY recovery can initially aim for the 50-DMA hurdle of 132.60. "
- Usd/jpy remains heavily offered near 130.00 mark, its lowest level since February 10. According to FXStreet on Friday, 24 March, "This, in turn, is holding back bearish traders from placing fresh bets around the USD/JPY pair and helping limit the downside, at least for the time being. ", "This boosts expectations that the Bank of Japan (BoJ) will tweak its bond yield control policy in the near term, which, in turn, benefits the domestic currency and continues to exert downward pressure on the USD/JPY pair."
- Usd/jpy steadies near six-week low under 131.00 on mixed Japan inflation, US data eyed. According to FXStreet on Friday, 24 March, "A successful rebound from the 10-week-old ascending support line, around 130.40 by the press time, allows USD/JPY to challenge the downward-sloping resistance line stretched from March 08, near 131.25 at the latest.", "Moving on, preliminary readings of the US S&P Global PMIs for March and the Durable Goods Orders for February will be crucial for the USD/JPY pair traders to watch for clear directions."
- Usd/jpy to trade down to the YTD lows between 127-128 relatively quickly – MUFG. According to FXStreet on Friday, 24 March, "The scale of easing now priced for this year (Dec ’23 fed funds future at 4.10%) leaves the US dollar vulnerable and we are likely to see USD/JPY trading down to the YTD lows between 127-128 relatively quickly.", "Understandably, the Fed and the drop in yields in the US is getting the attention as a key factor in pushing USD/JPY lower but the energy story will certainly add to positive JPY momentum this year."
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