(VIANEWS) – USD/EUR (USDEUR) has been up by 2.85% for the last 10 sessions. At 15:13 EST on Sunday, 29 October, USD/EUR (USDEUR) is $0.95.
USD/EUR’s yearly highs and lows, it’s 6.63% up from its 52-week low and 7.97% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/EUR’s Forex is considered to be oversold (<=20).
News about
- Usd/jpy testing 150.40, unmoved after tokyo CPI data beat. According to FXStreet on Friday, 27 October, "The USD/JPY continues to trade into a price level that has seen the Bank of Japan (BoJ) take defensive measures in the past, and markets are keeping the Yen pinned to the floorboards as investors dare the BoJ to take action to defend the JPY.", "The USD/JPY is trading into 150.40 with markets largely unfazed by the Tokyo Consumer Price Index (CPI) inflation data beat."
- Usd/jpy price analysis: 100-hour SMA near 150.00 holds the key for bulls ahead of US PCE data. According to FXStreet on Friday, 27 October, "Some follow-through buying has the potential to push the USD/JPY pair closer to the 152.00 mark, or a multi-decade high touched in October 2022.", "In the meantime, speculations that the Japanese government will intervene in FX markets to stem any further weakness in the Japanese Yen (JPY) exert some pressure on the USD/JPY pair amid subdued US Dollar (USD) price action. "
- Usd/jpy dips below 150.00 amid rising tokyo inflation, while US core PCE remains unchanged. According to FXStreet on Friday, 27 October, "The USD/JPY daily chart shows the pair dipped toward the Tenkan-Sen at 149.75, which, if broken, the air can slide to the Kijun-Sen at 149.02. "
- Usd/jpy seen moving toward 148 on a three-month view – rabobank. According to FXStreet on Friday, 27 October, "Assuming further steps towards policy normalisation by the BoJ, economists at Rabobank see USD/JPY moving to 148 on a three-month view.", "Our forecast of a move back to USD/JPY 148 on a three-month view assumes further policy normalisation by the BoJ and continued speculation of a potential exit from negative rates in 2024."
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