(VIANEWS) – EUR/JPY (EURJPY) is currently on bullish momentum. At 10:08 EST on Monday, 10 January, EUR/JPY (EURJPY) is at 130.3230, 1.62% up since the last session’s close.
EUR/JPY (EURJPY) Range
Regarding EUR/JPY’s daily highs and lows, it’s 2.214% up from its trailing 30 days low of $127.50 and 0.845% down from its trailing 30 days high of $131.43.
EUR/JPY’s yearly highs and lows, it’s 4.181% up from its 52-week low and 2.835% down from its 52-week high.
EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.21%, 0.12%, and 0.37%, respectively.
EUR/JPY’s highest amplitude of average volatility was 0.44% (last week), 0.38% (last month), and 0.37% (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).
Last news about EUR/JPY (EURJPY)
- Eur/jpy price analysis: upside bias looks unchanged so far. According to FXStreet on Friday, 7 January, "While above the 200-day SMA, today at 130.52, the outlook for EUR/JPY should point to extra gains."
- Eur/jpy eyes a test of key 131.50 resistance area, boosted back above 131.00 after hot eurozone inflation. According to FXStreet on Friday, 7 January, "As a result, EUR/JPY has rallied from Asia Pacific session levels under 131.00 to current levels in the 131.30 area, with bulls eyeing an imminent test of the key 131.50 balance area, which market this week’s top and was a key area f support turned resistance in late-October/mid-November.", "Much fanfare will likely be made if the German 10-year climbs back above the Japanese and such a move could well couple with EUR/JPY moving back towards Q4 2021 highs in the 133.50 area."
News about EUR/USD
- Eur/usd steadies near 1.1300 as yields retreat ahead of eurozone inflation, US NFP. According to FXStreet on Friday, 7 January, "It’s worth noting that the pre-NFP trading lull and a two-week low of the US inflation expectations, as measured by the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, underpin the latest pullback in the US bond yields and favor EUR/USD buyers. ", "Even so, the hawkish Fedspeak and FOMC Minutes, which earlier propelled yields by citing higher odds of the Fed’s faster rate hike and balance sheet alteration keeps EUR/USD bears hopeful. "
- Eur/usd to dive briefly below 1.10 this summer as dollar should stay strong in 1h22 – ING. According to FXStreet on Friday, 7 January, "In the view of analysts at ING, Fed lift-off should propel EUR/USD briefly below 1.10 this summer, but by year-end looming ECB hikes in 2023 could provide some support.", "Our call is that EUR/USD briefly trades below 1.10 this summer, but could find support into year-end, ahead of the 2023 ECB rate hike."
- Eur/usd steady around 1.1350s after a mixed US nonfarm payrolls report. According to FXStreet on Friday, 7 January, "Once macroeconomic data from the Eurozone and the US are on the rearview mirror, the EUR/USD pair stabilized around the 50-day moving average (DMA) at 1.1352. "
- Eur/usd price analysis: 50-day ema, ascending triangle challenge recovery below 1.1400. According to FXStreet on Monday, 10 January, "Overall, EUR/USD prices are likely to remain range-bound but the bearish bias stays intact.", "On an immediate basis, the envelope of the 50-day EMA and the 21-day EMA, respectively near 1.1375 and 1.1325, restricts EUR/USD moves."
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