EUR/JPY Bullish Momentum With A 1% Jump In The Last 10 Sessions

(VIANEWS) – EUR/JPY (EURJPY) has been up by 1.96% for the last 10 sessions. At 16:08 EST on Tuesday, 24 September, EUR/JPY (EURJPY) is $160.07.

EUR/JPY’s yearly highs and lows, it’s 8.31% up from its 52-week low and 8.746% 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 0.29%, a negative 0.12%, and a positive 0.48%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.59% (last week), 0.51% (last month), and 0.48% (last quarter), respectively.

News about

  • According to FXStreet on Monday, 23 September, "Further EUR/USD consolidation in a 1.11-1.12 range seems likely, with downside risks early this week.", "Further EUR/USD consolidation in a 1.11-1.12 range seems likely, ING’s FX strategist Chirs Turner notes."
  • Eur/usd eases back after misfire in EU PMI figures. According to FXStreet on Monday, 23 September, "Despite intraday weakness, EUR/USD continues to remain overall well-bid, with the pair testing into yearly highs despite an inability to reclaim the 1.1200 handle.", "Tuesday will be a quiet affair on the EUR/USD front; little data is expected from either side of the Atlantic, though Federal Reserve (Fed) Governor Michelle Bowman is expected to make an appearance."
  • According to FXStreet on Tuesday, 24 September, "Were it not for the global inflationary environment EUR/USD would look more vulnerable under 1.1100. ", "For the time being, however, we slightly favour this 1.1100-1.1150 range to hold, with the best news for EUR/USD potentially coming with US price data on Friday."
  • According to FXStreet on Tuesday, 24 September, "Even if not much remained of yesterday’s EUR-negative shock in the end, the market reaction reminds us that our expectation of rising EUR/USD rates is also based on the euro areanotsliding into a recession. ", "If the situation were to deteriorate significantly, our EUR/USD forecast would be at risk."

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