EUR/JPY Forecast

EUR/JPY (Euro/Japanese Yen) currency pair is volatile enough; therefore forecasting its fluctuations is a difficult task. Usually the rate is unstable and to a big extend depends on how big are the investors' risk appetites. This pair is popular with investors practicing carry trades, and most often it grows when the yen is converted into the borrowing currency. EURJPY forecasts for today, tomorrow and for a week that are featured in this section are the result of analysis of a vast amount of analytical data, that is, of technical, fundamental, complex and waves prognoses. No doubt, getting acknowledged with the forecasts makes successful trading more realistic.


September 28, 2016
USDJPY technicals in control
The Yen continues to find itself stuck between a rock and a hard place when it comes to trading, but seems to present itself with the odd opportunity for traders in recent days as it once again finds itself stuck on a slow bullish trend line, despite the bearish down turn...
July 29, 2016
EUR/JPY poised for high volatility
The Bank of England (BoE), European Central Bank (ECB) and most recently, the US Federal Reserve, have all issued their most recent monetary policy statements in the past two weeks...
June 10, 2016
EUR/JPY drops to new three-year low
EUR/JPY dropped to a new three-year low of 120.30 early on Thursday, dipping slightly below its previous long-term low that was hit late last week, before paring its losses by the afternoon...
June 8, 2016
EUR/JPY: 120.00 next?
Yesterday, the EUR/JPY rallied sharply as the yen buying took a breather and risk assets rallied. But there was little follow-though in bullish momentum and the cross has now given up its earlier advance...
May 12, 2016
EURJPY correctional uptrend in progress
Strong Yen is not good for Japanese exports and Japanese Finance Minister Taro Aso repeated on Monday that Tokyo is ready to intervene if Yen moves start to hurt the country trade and economy...
April 22, 2016
EUR/JPY heads back down after dovish Draghi
Not much about the European Central Bank’s (ECB) public pronouncements on Thursday was unexpected. Interest rates remained unchanged this time, as anticipated, after the surprisingly aggressive easing actions presented at last month’s meeting...
April 1, 2016
EUR/JPY attempting break above 128.00
EUR/JPY cross recovered from the Asian session low of 127.43, and is now looking to take out offers around 128.00 handle amid stock market losses and upward revision of German and Eurozone PMI figures...
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March 10, 2016
EUR/JPY near multi-year lows ahead of ECB
EUR/JPY initially extended this week retreat on Wednesday ahead of Thursday’s highly anticipated European Central Bank (ECB) meeting and press conference. Early on Wednesday, the currency pair hit an intraday low just slightly above 123.00...
February 29, 2016
EURJPY: consolidation above the level of 123.40
Extremely high volatility of the EURJPY pair due to expectations of a forthcoming change in the parameters of the Eurozone monetary policy and the possibility of the Bank of Japan to intervening to weaken the yen...
February 25, 2016
EURJPY: under pressure before publication of the Consumer Price Index
The final estimate of the consumer price index in the Eurozone will be known today. In January, the index is likely to amount to 0.4% (y/y). The ECB, targeted the annual inflation at the rate of 2% in March, may expand the monetary stimulus measures...
February 24, 2016
EURJPY: adjustment from the 123.03 support level
Expectations of an expansion of the monetary stimulus measures in the euro zone in March put pressure on the EURJPY pair. At the level breakthrough of 123.03, opening short positions in the pair should be considered...
February 16, 2016
EUR/JPY: pair grows on February 16, 2016
Yesterday the pair slightly grew and strengthened towards the level of 128.00 amid a weakening in the Japanese currency. The Yen was pressured by Prime Minister of Japan Shinzo Abe commentaries regarding a possibility of the market intervention by the Bank of Japan...
February 8, 2016
EURJPY: consolidation below the level of 131
In December, the average wage in Japan increased by 0.1% (y/y), with a forecast of 0.7% (y/y). Low inflationary pressure contributes to preservation of an ultra soft monetary policy in Japan...
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February 2, 2016
EUR/JPY extends gains in the aftermath of BOJ rate cut
EUR/JPY extended its gains further on Monday following last week surprise interest rate cut into negative territory by the Bank of Japan (BoJ). That unexpected rate cut sent the yen reeling against other major currencies, as it reaffirmed the BoJ aggressive easing stance...
January 29, 2016
EURJPY: consolidation around the level of 132.15
Today, it is worth paying attention to the publication of the preliminary inflation data in the Eurozone. Its potential growth from 0.2% to 0.4% per annum will lead to the growth of the European bonds yields and will strengthen the euro cross rates...
January 8, 2016
EURJPY: growth against the background of a weakening yen
In November, the volume of industrial orders in Germany fell by 0.3% (m/m) with an expected 0.4% (m/m) growth. The EUR/JPY pair ignores the weak statistics on Europe's largest economy and is trying to grow, taking advantage of the yen's weakness...
January 7, 2016
The EURJPY pair is approaching the 2015 low
The weakening of the euro and the yen's rise against the US dollar puts double pressure on the EUR/JPY pair. This week, it may be reduced to the 2015 low- the 126.09 mark...
December 18, 2015
EURJPY: under pressure against the background of a strengthening yen
The Bank of Japan decision not to expand the asset purchases program above 80 trillion yen in the year supported the yen. According to the Central Bank of Japan forecasts, consumer prices, excluding fresh food and impact of higher taxes on consumption...
December 16, 2015
The EURJPY pair is testing the 133.50 resistance level
Various macroeconomic statistics for the Eurozone, such as business activity indexes, inflation, and trade balance, will be published today. If it turns out to be better than expected, it will create prerequisites for growth of the EUR/JPY pair to the level of 134.21...
December 15, 2015
EURJPY: consolidation higher than the level of 132.48
The process of curtailing of the euro and yen carry trade operations largely supports the yen rather than the euro and puts pressure on the EUR/JPY cross-rate. Today, the Nikkei 225 fell by 1.8% to 18883 points...
December 9, 2015
EURJPY: growth against the background of an increase in Germany's trade balance
The November statistics on Germany's foreign trade, the trade balance of which increased from 19.4 billion to 20.8 billion euros has contributed to today's strengthening of the euro cross-rates in addition to the curtailing of the euro carry trade operations...

November 25, 2015
EUR/JPY: downward dynamics develops
At the beginning of the week, the EUR/JPY pair continued declining. However, it should be noted that the dynamics in the pair has been quite mixed due to various macroeconomic statistics and active speculations on further actions of the world's central banks...
November 18, 2015
EURJPY: consolidation in the range of 131.17-131.78
The adjusting growth of the euro against the US dollar US is supporting the EUR/JPY pair. The market participants are intrigued by ways to be chosen to increase the growth rate of the Japanese economy...
November 17, 2015
EURJPY: consolidation below the level of 131.78
The Eurozones ZEW economic sentiment index will be published today. The growth from 30.1 p. to 35.2 p. expected in November will probably provide support for the euro cross rates. Purchases of the EUR/JPY pair can be considered above the level of 131.78...
November 16, 2015
EURJPY: growth against the background of a falling yen
The exit of the Japanese economy into a recession (the country's GDP decreased by 0.3% (q/q) and 0.2% (q/q) in Q2 and Q3 2015 respectively) increases the likelihood of incentives expansion by the Bank of Japan...
November 6, 2015
EURJPY: consolidation in the range of 132.35-132.70
In September, the industrial production in Germany fell by 1.1% (m/m) with a forecast of 0.6% (m/m) growth. The data indicate a contraction in the real sector of the Eurozone's largest economy...
October 29, 2015
EURJPY: growth before the Bank of Japan meeting
The euro's adjustment from the 1.09 dollar level and the yen's weakness against the US dollar are supporting the EUR/JPY pair. A number of major Western banks allow for the Bank of Japan to expand the asset purchases program from 80 trillion to 90 trillion yen per year on October 30...
October 23, 2015
EUR/JPY door open for a test of 133.17
According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the recent decline has opened the door to a potential test of 133.17 and 132.24...


October 22, 2015
EURJPY: under pressure against the background of a falling euro
Reducing the euro against the US dollar triggered a fixation of long positions in the EUR/JPY pair. If M.Draghi announces today about the need to expand the monetary stimulus in the Eurozone, the EUR/JPY pair will fall significantly below the level of 134.8...
October 21, 2015
EURJPY: growth despite the decline in the balance of payments in the Eurozone
In August, the balance of payments in the Eurozone fell from 25.6 billion to 17.7 billion euros. However, the value of the index for July was revised upwards from 22.6 billion to 25.6 billion euros...
October 7, 2015
The EURJPY pair is approaching the 134.65 level
Todays decision by the Bank of Japan not to expand the asset purchases program and the weak macroeconomic data in Germany put pressure on the EUR/JPY pair. In the short term there are risks that it could decline below the 134.65 level...