EUR/JPY (Euro to Japanese Yen) Forecast, Page 1

Risk aversion is dominating financial markets today after disappointing data from the United States and gloomy outlook from the World Trade Organization (WTO) spooked investors and reinforced concern over decelerating global growth.

The Euro is holding around the 1.11 level against the US Dollar, despite the announcement that Germany’s GDP contracted by 0.1 percent in Q2, suggesting that markets had already largely priced in the gloomy economic data ahead of the release.

The volatility on the market dropped recently and the reason for that seems to be in the Jackson Hole symposium later this week.

If there was any remaining doubt, the EU economic data released Wednesday has provided even further support to the view that the ECB will need to cut interest rates to a new record-low as early as September.

Risk aversion is dominating financial markets today after the Chinese Yuan weakened beyond the psychological 7.0 level for the first time since May 2008.

Dear Traders,The EUR/JPY, popular “Yuppy” has formed a zig-zag downtrend, and we can see a retracement straight towards the POC zone.Rejections from 121.10-36 could show fresh sellers within the zone. However, we should see a confirmation in the next couple of hours. On a successful rejection, the pair should reach

Dear Traders,The EUR/JPY has been supported at the POC zone slightly above D L3 and ascending trend line. The ATR pivot additionally supports the pair.The POC zone at D L3 122.00-122.10 is supportive for the EUR/JPY. However, the price ideally needs to stay above the POC zone for bullish continuation.

Sellers have dominated EUR/USD for much of the first half of the month. The highly anticipated Fed meeting, scheduled later today, stands to change that, however, the bar has been set high.

Gold stumbled to a fresh one-week low on Tuesday as cautious optimism over global trade developments boosted risk sentiment and dampened appetite for safe-haven assets.

Gold remains one the few bright spots across financial markets today amid ongoing US-China trade tensions, Brexit drama and concerns over slowing global growth.

Can the European majors avoid a sell-off? The futures markets are pointing to a positive open, which is in stark contrast to the U.S futures…

A wave of risk aversion engulfed global equity and foreign exchange markets on Thursday after Donald Trump accused China of ‘breaking the deal’ during trade talks.

Dear Traders,The EUR/JPY has formed a black marubozu straight off the POC zone.  We should see a further drop if the price remains capped below.–>123.92-124.02 is the breakout spot for the pair. A clear continuation below the trend line targets 123.79 as the first target, followed by 123.52. Further bearish

The Dollar Index (DXY) found comfort near a yearly high above 97.70 today, after a raft of strong US earnings in the previous session boosted confidence over the health of the US economy.

Global risk sentiment turned positive on Friday afternoon as mixed trade data from China eased concerns over slowing global growth. With investors back in the mood for riskier assets, the Japanese Yen which is considered as a safe-haven currency tumbled across the board.

Extremely bullish turn of events is unfolding as the S&P futures are rocketing higher ahead of the cash market open.

Dovish Draghi strikes again! The Euro fell by some 0.5 percent against the US dollar before recovering some of its losses, after the European Central Bank stood pat on monetary policy on Wednesday.

Hi traders,The EUR/JPY could reject from the POC zone. We see a strong bearish confluence with D H3 camarilla pivot and ATR projection high.The JPY strength could further reflect especially if the EUR gets weaker. In this market we see a bearish move and retracement that should be contained within

Hi traders,The EUR/JPY is making a bullish zig-zag which is supported by an ascending trend line. We should see a continuation of uptrend.The JPY weakness might continue today and during this week. The POC zone 126.50-75 is supportive on a positive bullish momentum. We can spot a T-89 pattern along

This piece is about the EURJPY. The last time we mentioned this instrument on Friday and not surprisingly we were right about the direction. On the 22nd of February, we were optimistic about the future of this currency because of the symmetric triangle and the flag. This is precisely what