EUR/JPY Bullish Momentum With A 1% Jump In The Last 24 Hours

(VIANEWS) – EUR/JPY (EURJPY) has been up by 1.4182% for the last session’s close. At 22:07 EST on Tuesday, 6 August, EUR/JPY (EURJPY) is $160.10.

EUR/JPY (EURJPY) Range

About EUR/JPY’s daily highs and lows, it’s 1.514% up from its trailing 24 hours low of $157.71 and 1.218% up from its trailing 24 hours high of $158.17.

EUR/JPY’s yearly highs and lows, it’s 8.33% up from its 52-week low and 8.729% 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 0.71%, a negative 0.36%, and a positive 0.36%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.73% (last week), 0.53% (last month), and 0.36% (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).

Previous days news about EUR/JPY (EURJPY)

  • Eur/jpy trades around 157.00, trims losses following PMI data. According to FXStreet on Monday, 5 August, "However, the EUR/JPY cross trims its intraday losses following the release of the Eurozone Producer Price Index (PPI) and the German Purchasing Managers’ Index (PMI) data.", "Additionally, safe-haven flows provide support for the JPY while putting downward pressure on the EUR/JPY cross, a trend that can be linked to increased geopolitical tensions in the Middle East. "
  • Eur/jpy trims a part strong intraday gains, manages to hold above 159.00 mark. According to FXStreet on Tuesday, 6 August, "This bodes well with the BoJ’s plan to steadily raise interest rates and warrants some caution before placing bullish bets around the EUR/JPY cross.", "Furthermore, bets that the BoJ will tighten monetary policy again, bolstered by a rise in Japan’s real wages in June for the first time in more than two years, contribute to capping gains for the EUR/JPY cross."

More news about EUR/JPY (EURJPY).

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