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

(VIANEWS) – EUR/JPY (EURJPY) has been up by 1.11% for the last 10 sessions. At 13:06 EST on Monday, 19 February, EUR/JPY (EURJPY) is $161.86.

EUR/JPY’s yearly highs and lows, it’s 16.543% up from its 52-week low and 1.474% down from its 52-week high.

Volatility

EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.07%, 0.01%, and 0.43%, respectively.

EUR/JPY’s highest amplitude of average volatility was 0.13% (last week), 0.28% (last month), and 0.43% (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

  • Usd/jpy depreciates to near 150.00, Japan machinery orders improves. According to FXStreet on Monday, 19 February, "However, the USD/JPY pair soared on better-than-expected Producer Price Index (PPI) data from the United States on Friday. "
  • Usd/jpy forecast: US dollar continues to look strong against yen – 19 February 2024. According to DailyForex on Monday, 19 February, "The USD/JPY pair experienced a slight uptick early on Friday, rebounding from the key support level at 149.80 yen. ", "While short-term fluctuations may occur, the overall outlook suggests a continuation of the upward trend in the USD/JPY pair. "
  • Usd/jpy: any further gains could prompt renewed intervention in Japan – MUFG. According to FXStreet on Monday, 19 February, "Last week, USD/JPY moved back above the 150.00 level for the first time since November. ", "Just like on the previous occasions when USD/JPY reached these levels, we see momentum fading but broader US Dollar strength that could continue near term may mean intervention is required to stall the move."
  • Usd/jpy analysis: the uptrend remains dominant the uptrend remains dominant – 19 February 2024. According to DailyForex on Monday, 19 February, "According to performance, USD/JPY has now advanced to trade slightly above the 100-hour moving average line on the hourly chart. ", "The price of the USD/JPY pair rebounded last Friday from trend line support at around 149.85 to trade at around 150.26. "

More news about EUR/JPY (EURJPY).

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