(VIANEWS) - EUR/JPY (EURJPY) has been up by 2.07% for the last 10 sessions. At 18:06 EST on Thursday, 22 February, EUR/JPY (EURJPY) is $162.88.
Eur/jpy gathers strength below 163.00, eyes on eurozone PMI data
The EUR/JPY cross gains momentum for the third consecutive week during the early European trading hours on Thursday. , However, the potential intervention in the market by the Japanese authorities might boost the Japanese Yen (JPY) and cap the upside of the EUR/JPY cross.
EUR/JPY's yearly highs and lows, it's 17.276% up from its 52-week low and 0.855% down from its 52-week high.
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).
Previous days news about EUR/JPY (EURJPY)
- Eur/jpy price analysis: gains momentum after fed minutes release, traders eye 163.00. According to FXStreet on Wednesday, 21 February, "The Euro extended its gains for the second straight day against the Japanese Yen and is up by 0.22% as the EUR/JPY trades at 162.47 late during the North American session.", "The release of the latest Federal Reserve (Fed) minutes sponsored a leg-up in the EUR/JPY as the EUR/USD edged slightly up. "
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