The EUR/JPY pair rally during the day on Thursday, showing signs of life. I still think there is a significant amount of noise above, so pullbacks will
The EUR/JPY pair rally during the day on Thursday, showing signs of life. I still think there is a significant amount of noise above, so pullbacks will more than likely be buying opportunities more than anything else. I don’t think that selling is going to be easy to do at the moment, and I believe that there is a “floor” at the 120-handle underneath. Ultimately, I believe that the Japanese yen continues to sell off, and that the pair should follow the rest of the young related pairs to the upside going forward.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
