EUR/JPY Bullish Momentum: 0.95% Up In The Last 10 Sessions

(VIANEWS) – EUR/JPY (EURJPY) has been up by 0.95% for the last 10 sessions. At 09:08 EST on Tuesday, 9 May, EUR/JPY (EURJPY) is $148.05.

EUR/JPY’s yearly highs and lows, it’s 11.529% up from its 52-week low and 2.333% down from its 52-week high.

Volatility

EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.68%, 0.46%, and 0.59%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.79% (last week), 0.62% (last month), and 0.59% (last quarter), respectively.

News about

  • Usd/jpy signal: USD sees a lot of support via interest rates – 08 May 2023. According to DailyForex on Monday, 8 May, "However, if the USD/JPY currency pair were to turn around and break down below the ¥132.50 level, then it’s likely to see significant selling pressure, potentially leading to a move down to the ¥130 level."
  • Usd/jpy eases from three-day high amid weaker usd, up a little around 135.00 mark. According to FXStreet on Monday, 8 May, "The USD/JPY pair builds on Friday’s positive move and gains some follow-through traction on the first day of a new week, albeit lacks follow-through buying. ", "This, along with concerns about the US banking sector and the debt ceiling, drags the US Treasury bond yields lower and weighs on the buck, which, in turn, acts as a headwind for the USD/JPY pair and warrants caution for bulls."
  • According to FXStreet on Sunday, 7 May, "Following the BoJ Minutes, USD/JPY remains on the front foot while extending Friday’s recovery to 135.25 by the press time."
  • Usd/jpy price analysis: gains momentum above 135.00 on dovish boj minutes. According to FXStreet on Monday, 8 May, "The USD/JPY accelerated above the 135.00 figure after the pair bounced off its daily low of 134.64, on fundamental news turning the market sour and a dovish stance by the Bank of Japan (BoJ), according to the March minutes. ", "Hence, if USD/JPY stays above the previously-mentioned support levels, its path of least resistance is upwards. "
  • Usd/jpy bulls cross 135.00 as boj’s ueda defends monetary policy inaction, yields rise. According to FXStreet on Tuesday, 9 May, "A clear rebound from the 21-DMA and a six-week-old ascending support line, respectively near 134.50 and 133.90, redirects USD/JPY buyers toward the 200-DMA resistance of around 137.00 by the press time."

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