(VIANEWS) – FXStreet reports that global equity markets are still trading well after China’s Covid-19 epidemic. Although the Ukraine-Russian tussles are now in the background, Russia is eager to win and hostilities will continue.
In the Asian session, however, rates were not changed by the Bank of Japan. They also doubled the Yield Curve Control (YCC) and offered to purchase unlimited amounts of 10 year JGBs at a fixed 0.25% interest rate. With an eye to pandemic risk, the BoJ stated that they would ease their policy as necessary.
EUR/JPY (EURJPY) is currently on bearish momentum. At 08:06 EST on Friday, 29 April, EUR/JPY (EURJPY) is at 137.1970, 1.07% down since the last session’s close.
EUR/JPY (EURJPY) Range
Concerning EUR/JPY’s daily highs and lows, it’s 1.609% up from its trailing 7 days low of $135.02 and 1.637% down from its trailing 7 days high of $139.48.
EUR/JPY’s yearly highs and lows, it’s 10.279% up from its 52-week low and 1.991% down from its 52-week high.
EUR/JPY’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.20%, a positive 0.08%, and a positive 0.56%, respectively.
EUR/JPY’s highest amplitude of average volatility was 0.78% (last week), 0.50% (last month), and 0.56% (last quarter), respectively.
Last news about EUR/JPY (EURJPY)
- Eur/jpy price analysis: snaps three-day losses and clings to the 135.00 mark. According to FXStreet on Thursday, 28 April, “As long as the EUR/JPY sits above 134.29, it would stay bullish and further confirmed by the location of the daily moving averages (DMAs) below the exchange rate. “, “The EUR/JPY records modest losses, after on Wednesday, the euro regained composture and stopped the EUR/JPY fall of close to 500-pips, which began on April 21, when the cross reached a YTD high around 140.00. “
- Eur/jpy price analysis: plunges 200-pips and records a fresh two-week low around 135.30s. According to FXStreet on Tuesday, 26 April, “On Tuesday, the EUR/JPY dropped to a fresh two-week-low on a second-consecutive risk-off trading session, favoring safe-haven currencies like the JPY, the CHF, and the greenback. “, “However, once European traders got to their offices, and market sentiment turned sour, the EUR/JPY nosedived towards the weekly lows at 135.39.”
- Eur/jpy rallies and approaches the 138.00 mark post dovish boj, hot Germany’s inflation. According to FXStreet on Thursday, 28 April, “On Wednesday’s note, I wrote, “As long as the EUR/JPY sits above 134.29,” the EUR/JPY “would stay bullish.” The Bank of Japan helped in fulfilling the aforementioned, being the only bank without tightening monetary policy. “, “The shared currency is rallying against the Japanese yen after the Bank of Japan (BoJ) committed to its dovish stance, despite expressions of the Japanese Minister of Finance that FX volatility is undesirable and calling recent moves “extremely worrying.” At 137.68, the EUR/JPY is up 1.55% in the day, up almost 200-pips in the trading session.”
- Eur/jpy tests 136.00 ahead of the boj’s policy. According to FXStreet on Thursday, 28 April, “The EUR/JPY pair has moved towards the north after displaying back and forth moves in a narrow range of 135.41-135.68 right from the New York session as investors are awaiting the announcement of the interest rate decision by the Bank of Japan (BOJ).”
- Eur/jpy steadies around 137.40 ahead of EU GDP. According to FXStreet on Friday, 29 April, “The EUR/JPY pair is oscillating in a narrow range of 137.32-137.50 in the Asian session as investors are awaiting the release of the Gross Domestic Product (GDP) numbers in the eurozone. “
News about EUR/USD
- Eur/usd sees a dead cat bounce above 1.0700 ahead of US durable goods. According to FXStreet on Tuesday, 26 April, “The EUR/USD pair is displaying a minor bounce after dropping to near the psychological support of 1.0700 in the Asian session. “
- Eur/usd can consolidate in a 1.07-1.08 range before falling towards March 2020 low at 1.0635 – ING. According to FXStreet on Tuesday, 26 April, “However, EUR/USD could stabilise in a 1.07-1.08 range before moving lower toward the March 2020 low of 1.0635, economists at ING report.”, “For today, EUR/USD can consolidate in a 1.07-1.08 range before making a move towards the March 2020 low at 1.0635.”
- Eur/usd forex signal: oversold ahead of consumer confidence data – 26 April 2022. According to DailyForex on Tuesday, 26 April, “The EUR/USD pair crashed to the lowest level since 2020 even after the strong victory by Emmanuel Macron and the positive business sentiment data in Germany. “, “The EUR/USD pair continued its bearish trend as the market volatility continued. “
- Eur/usd continues decline towards 2020 lows after dipping back under 1.0700. According to FXStreet on Tuesday, 26 April, “After dipping back under the 1.0700 level during Asia Pacific trading hours, EUR/USD has continued to trade with a negative bias throughout European trading hours and continues to make bearish headway towards its 2020 lows in the 1.0630s. “, “This divergence, as well as higher stagflation risks in the Eurozone versus US as a result of the Russo-Ukraine war, explains why EUR/USD has had such a tough time holding onto rallies in recent weeks.”
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