The EUR/JPY pair initially tried to rally during the course of the session on Monday, but turned back around to reach towards the 132 area. With this, we
The EUR/JPY pair initially tried to rally during the course of the session on Monday, but turned back around to reach towards the 132 area. With this, we believe that the market continues to grind back and forth, and ultimately it’s probably not a market that we are interested in trading at the moment, as there is more than enough trading opportunities out there that should be easier than this one. We will watch the longer-term charts though, but in the meantime we are going to sit on the sidelines when it comes to the EUR/JPY pair.
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.
