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% […]
Japanese Yen continues coiling in a right-angled triangle
The Japanese Yen (JPY) makes minor gains against the US Dollar (USD) on Tuesday, with the USD/JPY recovering from a weak start to return to familiar territory just below the key 150 level. The trend is up and biased to extend with the threat of a breakout from a right-angled triangle providing a bullish technical […]
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 […]
USD/JPY snaps the recent winning streak ahead of US data
USD/JPY trades lower around 149.70 during the European session on Friday, snapping a three-day winning streak that began on Tuesday. Despite reaching weekly highs, the USD/JPY pair has experienced a pullback, attributed to the retreat in the US Dollar (USD). The US Dollar Index (DXY) trades lower around 106.30 by the press time, retreating from […]
USD/JPY rose above 149.00, gaining 0.20% on the day
On Wednesday, the USD/JPY gained additional ground, rising back above 149.00. Hot Producer Price Index (PPI) failed to trigger a significant move on the USD, and the trajectory of the pair seems to be determined by the dovish stance of the Bank of Japan (BoJ). Later in the session, markets will monitor the Federal Open […]
GBP/JPY jumps swiftly to 183.00
The GBP/JPY pair drives vertically to near the crucial resistance of 183.00 as the odds of a possible intervention by the Bank of Japan (BoJ) in the FX domain fade. Former top currency diplomat Naoyuki Shinohara said this weekend that the recent fall in the Japanese Yen is reflecting the economic fundamentals of Japan, which […]
USD/JPY trades back and forth around 149.00
The USD/JPY pair consolidated in a narrow range of around 149.00 as investors remained baffled between supporting the US Dollar and the Japanese Yen amid a risk-off mood. Deepening tensions between Israel and Hamas have prompted expectations of participation from other Middle East economies in the war, which has impacted the demand for safe-haven assets […]
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 […]
USD/JPY recovers to around 149.40
The US Dollar (USD) stages a recovery against the Japanese Yen (JPY) in the mid-North American session, reclaiming the 149.00 figure after dipping towards the 148.52 daily low during the Asian and European session. Nevertheless, bounced off the lows and hovers at around 149.40s, gaining 0.12%. Data revealed from the United States (US) showed inflation […]
