(VIANEWS) – EUR/JPY (EURJPY) has been up by 1.11% for the last 5 sessions. At 12:08 EST on Friday, 21 June, EUR/JPY (EURJPY) is $170.51.
EUR/JPY’s yearly highs and lows, it’s 15.373% up from its 52-week low and 0.491% 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 0.16%, a negative 0.01%, and a positive 0.34%, respectively.
EUR/JPY’s highest amplitude of average volatility was 0.18% (last week), 0.24% (last month), and 0.34% (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 oversold (<=20).
News about
- Eur/usd price analysis: seems vulnerable while below 1.0800 confluence support breakpoint. According to FXStreet on Wednesday, 19 June, "Political uncertainty in France - the Eurozone’s second-largest economy - continues to undermine the shared currency and turns out to be a key factor acting as a headwind for the EUR/USD pair. ", "This adds credence to the negative outlook and suggests that the path of least resistance for the EUR/USD pair is to the downside."
- According to FXStreet on Wednesday, 19 June, "The EUR/USD pair has continued to stabilize, but still seems to lackenough steam to meaningfully reboundgiven lingering political risk and fiscal concerns weighing on the common currency, ING FX strategists note.", "The eurozone calendar only includes a speech by the European Central Bank’sMarioCenteno today, and we still think the unstable risk environment and downside risks for peripheral bonds will keep EUR/USD capped in the near term."
- Eur/usd escapes Wednesday’s holiday volatility trap, set for wait to meaningful data. According to FXStreet on Wednesday, 19 June, "The EUR/USD is currently facing resistance from the 200-hour Exponential Moving Average (EMA) at 1.0767, making it challenging for the currency pair to surpass the 1.0750 mark. ", "If this trend continues, the EUR/USD could experience a downside reversal, potentially leading to new lows for 2024, possibly falling below 1.0600."
- Eur/usd weakens below 1.0750 as eurozone political uncertainty poses downside risks for euro. According to FXStreet on Thursday, 20 June, "The EUR/USD pair weakens near 1.0730, snapping the three-day winning streak during the early European session on Thursday. "
- According to FXStreet on Friday, 21 June, "In case either the Manufacturing or the Services PMI unexpectedly falls below 50.0 and points to contraction, the initial market reaction could make it difficult for the US Dollar (USD) to find demand and help EUR/USD edge higher. ", "On the downside, sellers could take action with a drop below 1.0670 (Fibonacci 78.6% retracement of the uptrend from mid-April) and cause EUR/USD to slide toward 1.0600 (static level)."
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