(VIANEWS) – EUR/JPY (EURJPY) is currently on bearish momentum. At 18:07 EST on Monday, 1 August, EUR/JPY (EURJPY) is at 135.0840, 0.831% down since the last session’s close.

EUR/JPY (EURJPY) Range

Regarding EUR/JPY’s daily highs and lows, it’s 0.71% down from its trailing 24 hours low of $136.05 and 0.873% down from its trailing 24 hours high of $136.27.

EUR/JPY’s yearly highs and lows, it’s 8.581% up from its 52-week low and 6.334% 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 overbought (>=80).

Last news about EUR/JPY (EURJPY)

  • Eur/jpy rebounds from 136.00, downside looks likely on weak estimates for eurozone GDP. According to FXStreet on Friday, 29 July, "The EUR/JPY pair has picked bids around 136.00 and a modest rebound has been displayed. "
  • Eur/jpy price analysis: aims to refresh two-month low, 135.00 eyed. According to FXStreet on Monday, 1 August, "The EUR/JPY pair has attracted offers while attempting to contain the immediate hurdle of 136.33 in the early Tokyo session. "

News about USD/JPY

  • Usd/jpy bounces off six-week low above 134.00 on mixed Japan data, US PCE inflation eyed. According to FXStreet on Friday, 29 July, "A corrective pullback in the US Treasury yields, after refreshing the multi-day low, joins the mixed catalysts from Japan to trigger the USD/JPY pair’s rebound of late.", "Although late June’s low around 134.20 restricts the immediate downside of the USD/JPY prices, recovery remains elusive until the quote stays below the previous support line from March, around 135.75 by the press time."
  • According to FXStreet on Saturday, 30 July, "Recession fears and the accompanying drop in US yields has triggered an abrupt correction lower for USD/JPY over the last couple of days with the pair falling by around 5 big figures as it moves further below last month’s year to date high of 139.39. ", "One exception is USD/JPY where we are more confident that the USD could have already peaked against the JPY."
  • Usd/jpy pares intraday losses to multi-week low amid modest USD recovery ahead of US PCE. According to FXStreet on Friday, 29 July, "The USD/JPY pair stalls its intraday decline near mid-132.00s and quickly recovers over 90 pips from a six-week low touched earlier this Friday. ", "Given the post-FOMC slump of nearly 500 pips from the vicinity of mid-137.00s, the said factors prompt some intraday short-covering around the USD/JPY pair on the last day of the week."
  • Usd/jpy price analysis: bounces off six-week low towards 133.00 but stays on bear’s radar. According to FXStreet on Monday, 1 August, "However, the previous support line from June 06 and the 200-SMA, respectively near 135.45 and 136.20, could challenge the USD/JPY buyers afterward.", "If at all the USD/JPY prices fail to rebound from 131.30, the 130.00 threshold could act as the additional filter to the south before directing the pair towards May’s low around 126.35."

More news about EUR/JPY (EURJPY).

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