EUR/JPY advances to new 2023 tops near 161.00
EUR/JPY prints new yearly highs in levels just shy of 161.00 the figure at the beginning of the week. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 160.98 (November 6) should face the next significant resistance level not before the […]
EUR/JPY registers a fresh 15-year at 161.00
The EUR/JPY pair capitalizes on the expansionary monetary policy stance of the Bank of Japan (BoJ) and the Eurozone data. The cross extended gains to near 161.00 after the Eurostat reported that the preliminary Harmonized Index of Consumer Prices (HICP) for October softened more than expected. Monthly headline inflation grew nominally by 0.1% against 0.3% […]
EUR/USD regains the smile and briefly surpasses the 1.0600 barrier
EUR/USD picks up some buying interest and manages to surpass the key hurdle at 1.0600 the figure on Monday. In case bulls push harder, the pair should meet the next hurdle at the monthly high of 1.0694 (October 24), which comes just ahead of the round level of 1.0700 and prior to the weekly peaks […]
EUR/USD adds to Tuesday’s decline and retreats to 1.0570
EUR/USD remains under pressure and deflates to weekly lows in the 1.0570/65 band on Wednesday. If losses accelerate, then the pair could drop to the weekly low of 1.0495 (October 13) prior to the 2023 low of 1.0448 (October 3). The loss of the latter could put a probable visit to the round level of […]
EUR/JPY comes under selling pressure around the 158.00 zone
EUR/JPY reverses two consecutive daily gains and faces some downside pressure near 158.00 on Wednesday. Considering the ongoing performance, further consolidation appears in store for the cross for the time being. In the meantime, the breakout of this range could put the September high of 158.65 (September 13) to the test ahead of the 2023 […]
EUR/JPY trades in a vacillating fashion below the 157.00 hurdle
EUR/JPY alternates gains with losses in the sub-157.00 region on Thursday, following the recovery attempt seen in the previous day. In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a visit to the so-far monthly high of 158.65 (September 13) prior to the 2023 top at 159.76 […]
The EUR/USD skidded to a Monday low of 1.0575
The EUR/USD fell off of recent action to settle at a fresh six-month low at the 1.0660 handle. Broadbase US Dollar (USD) support is helping to exacerbate Euro (EUR) declines sparked by dovish central bank comments coming out of Europe on Monday. The European Central Bank’s (ECB) President Christine Lagarde hit newswires on Monday, noting […]
