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Eurjpyforecast

EURJPY: New events!Asian stock markets could fall in Monday's trade as investors await to see if the recent sell-off in long-dated bonds will last and could ease pressure on the dong. Dollar. The MSCI index of Asia-Pacific shares (excluding Japan), was down 0.02% at 562, but still near the January high of 574.52. Japan's Nikkei (N225) fell 0.4% after hitting a six-month high on Friday, as Japan recorded a record economic contraction in the second quarter. E-Mini futures for the S&P 500 were up 0.25%, well below a record-high close of 3,386.15. US second-quarter earnings season will end with major retailers reporting this week, including Walmart Inc (N: WMT), Home Depot Inc (N: HD) and Kohls Corp (N: KSS). Politics will be in the spotlight as the Democratic National Convention kicks off the 2020 presidential election season.
Long
by Sphyn-Trader
4
Have EurJpy topped?From the recent low under 140 and the important 143 resistance break, EurJpy has risen more than 1000 pips. However, in the past months seems like the pair lost its power to the upside and could enter in a range trading phase with a top above 150 and a bottom slightly under 147. The price action in the past 2 trading weeks is drawing a H&S pattern on our charts and in a case of a break under the 148.50-148.70 zone, this pattern is confirmed. The target in such an instance is, as said, in 147 zone and negation comes with a daily close above 150.
Short
by Mihai_Iacob
3
EURJPY: The bulls!Predicting continuation of the uptrend EUR/JPY is a forex quote that represents the exchange rate between the Euro and the Japanese Yen. Traders like to borrow the low-yielding Yen to fund carry trades and buy higher-yielding currencies like the Euro during times of optimism. However, during times of market stress, investors tend to avoid carry trades. EUR/JPY is affected by shifts in global economic performance and stability. The Eurozone debt crisis and the Bank of Japan's anti-deflation policy introduced in 2013 also contribute to the pair's volatility.
Long
by Jiren-SphynChannels
2
EURJPY POTENTIAL PROGRESS FORMATION IN PROGRESSWe can see that the pair has turned bullish after a short correction. We have also identified certain patterns which further support our bullish basis. These have been listed below: 1: The pair is in a strong uptrend as the price is making new highs 2: Trendline breakout 3: Pennant pattern breakout We will wait for the price to correct on the lower time frames after the trendline breakout then only can we start to look for reasons to enter long. We do not take trades with less than 1 to 3 risk rewards. If we get stopped out , we follow our trading plan as we wait for a new setup to form. We only take one entry per setup and do re-enter when stopped out as we see this as revenge/over-trading.
Long
by NDOBObanks
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK AFTER BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. EURJPY can be SELL at 145.95 level before BUY. After that you can BUY at 152.98 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 152.98 LEVELS.
by benny_marshall
EurJpy- Short term and medium term trading opportunitiesA few days ago I've written that EurJpy could resume its up move. Indeed, after the confirmation of 146.50 as strong support, the pair started to rise and reached 149.50. At this moment bulls look tired and in need of a correction, and this could provide short-term traders the opportunity to trade on the sell side. As long as 149.50 is intact there are high chances of a drop and the pair could dive 100+ pips. On the other hand, for swing traders, this correction could be an opportunity to join the long term trend at a better price and target, as explained in my previous analysis, 151 recent high.
by Mihai_Iacob
24
EURJPY: Entry for seller!Fundamental Overview The market is increasingly betting on a weaker USD/JPY. This prediction is based on two main factors - the likelihood of a significant reduction in Fed interest rates and concerns regarding the stability of the US financial system. Additionally, there is the unpredictability of a potential change in BoJ policy, which could significantly impact the value of the yen. We anticipate that at the upcoming BoJ meeting on June 16th, the yield curve target may be shortened from 10-year to 5-year JGB yields, resulting in a significant increase in 10-year JGB yields and a corresponding strengthening of the yen.
Short
by Sphyn-Trader
2
EUR/JPY Price Analysis:155-165STRATEGY STRONG BUY EUR/JPY climbs sharply to 2023 past 149.00 The underlying strong upside momentum in the cross appears unchallenged for the time being. Against that, the continuation of the upward bias should challenge the key 150.00 barrier in the relatively short term. So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.43. Japan Housing Starts Fall Less than Estimated Japanese Shares Jump After BOJ Decision Japanese Yen Weakens After BOJ Decision Bank of Japan Holds Rates, Tweaks Forward Guidance Tokyo Core Inflation Accelerates in April Japan Retail Sales Grow More than Expected Japan Industrial Output Growth Tops Estimates Japan Jobless Rate Rises to 14-Month High Japan Leading Economic Index Revised Upward Japan Coincident Index Revised Downward BIG PICTURE BEARISH BoJ not changing policy, intensified interest rate differential game Japan is still a basket case Japan inflation at multi-year highs, while BoJ stuck in denial BoJ still unlikely to change course BoJ keeps to the dovish script FX intervention unlikely to prevent yen weakness The BoJ cannot defend the yen and is unlikely to want to Increasing divergence between a dovish BoJ and tighter Fed monetary policy BoJ intervention unlikely to halt yen’s slide Only intervention from Japanese officials can relieve the yen BIG PICTURE BULLISH The Bank of Japan can add to the yen’s appeal The likelihood of a BoJ policy shift should accelerate Yen gains Yen to outperform as tightening cycles eventually come to an end and central banks turn to easing Further policy adjustments from the BoJ BoJ will review the side effects of its ultra-loose monetary policy BoJ's policy tweak consistent with and supportive of Yen outperformance A change at the helm of the BoJ puts JPY in pole position for 2023 Japan's economy and monetary policy to remain reasonably steady going forward Yen seen as particularly sensitive to any swings in growth and monetary policy trends BoJ reluctance to ease may put the yen on top
Long
by DaveBrascoFX
1