Tag Archives: EUR/JPY
EUR/JPY ANALYSIS
The EUR/JPY confirmed a positive daily closing on Friday but the weekly one was weak, below the low of the previous week suggesting we have a top at 111,62 and supporting therefore a retest of the low at 100,76!!
EUR/JPY ANALYSIS
)The EUR/JPY confirmed another weak session but for the moment the support at 103,40 limited the downside.
EUR/JPY ANALYSIS
The EUR/JPY confirmed another weak closing last night again below the low of the previous day suggesting further downside pressure 103 if not even 102,50.
As bond market contagion spreads across Europe, the euro is in danger
Stops were broken in EUR/USD once 1.35 broke in the middle of the night. That’s a repeat of what happened 24 hours earlier as we made our way through 1.36. The euro’s resilience in the face of the crisis enveloping Europe, is in danger of collapsing. Technically, the break of 1.3485 opens the way for […]
Technical Analysis: Technical Alert: The euro is still the underdog while the dollar shines
The euro is still under heavy pressure and EURUSD & EURJPY (& AUDJPY) has been allowed to slip below supports (1.3484, 104.74 & ~78.00) which now could act as resistance levels.
EUR/JPY ANALYSIS
The EUR/JPY confirmed a closing below the support of the negative outside day at 104,65 extending already the drop 103,40.
EUR/JPY ANALYSIS
The EUR/JPY formed yesterday a negative outside day reversal with now 106,90 – 104,65 the levels to follow in the coming hours.
EUR/JPY ANALYSIS
The EUR/JPY confirmed on Friday a strong daily closing above the top of the previous session suggesting some more upside potential especially in case of a daily closing tonight above 106,40.
JPY: Somewhat surprising in terms of timing but decisive intervention
As Japan Finance Minister Azumi confirmed, the Ministry of Finance (MoF) intervened to sell JPY in the Tokyo morning session today, and USD/JPY rose from 75.6 to 79.3 (+4.9%) and EUR/JPY from 107.10 to 111.5 (+4.1%).
Japan considers additional EFSF bond purchase, but timing is not very helpful for EUR
Today’s Nikkei daily newspaper reports the Japanese government has begun to consider purchasing additional EFSF bonds, and Chief Cabinet Officer Fujimura (the PM’s spokesperson) confirmed the general idea.
FX Techtonics Daily – EUR/USD: corrective rise from 1.3360 probably not over
EUR/USD EUR/USD should break above yesterday’s high of 1.3670 and rise to the 1.3795/1.3800 resistance area before pointing back to the January low of 1.2860.
FX Techtonics Daily – EUR/USD: pressure on 1.3410/30 support zone
EUR/USD EUR/USD should clearly break below the 1.3420/95 support zone, which has come under pressure, and target the January low of 1.2860, with steps at 1.3245 and 1.3050.