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.


February 21, 2017
Can EUR/JPY Hold Avobe the Uptrend Line Support ?
We will see the release of a series of Markit PMI figures in Feb in the early European session today. German Manufacturing, Services, and Composite PMIs, at 08:30 GMT, followed by the Eurozone Manufacturing, Services, and Composite PMIs, at 09:00 GMT...
January 27, 2017
EURJPY remain bearish
We remain bearish below 122.26 resistance (Fibonacci retracement, Fibonacci projection, swing high resistance) with price recently forming a nice ABCD formation for a push down to 121.15 (Fibonacci projection, Fibonacci retracement, recent swing low support)...
January 9, 2017
EURJPY profit target reached, prepare to turn bearish
Price rose perfectly to reach our profit target from last week. We now prepare to turn bearish below major resistance at 12.45 (Fibonacci projection, Fibonacci retracement, horizontal resistance) for a drop to at least 122.80...
December 30, 2016
EURJPY bearish below resistance
We are bearish below 123.21 resistance (bearish candlestick reversal, horizontal pullback resistance, Fibonacci retracement) for a push down to 122.36 support (Fibonacci retracement, horizontal pullback support)...
December 23, 2016
EURJPY at major resistance, time to sell
We are bearish on EURJPY below 122.85 resistance (Fibonacci retracement, horizontal resistance) as we expect a push down towards the 121.26 support level (Fibonacci retracement, Fibonacci projection)...
December 20, 2016
EUR/JPY pulls back ahead of BoJ
Despite pronounced euro weakness since early November, EUR/JPY has been riding a sharp rally within the past two months as the yen has staged a major pullback against all of its key currency rivals...
December 15, 2016
EURJPY below major resistance, remain bearish
We remain bearish below major resistance at 123.32 (Fibonacci projection, horizontal swing high resistance) where we expect a drop to at least 120.86 (Fibonacci retracement, horizontal swing low support)...
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December 12, 2016
EURJPY approaching profit target, prepare to turn bearish
Price has bounced perfectly above our support and we now prepare to close our profits and turn bearish below 121.95 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to 120.46...
December 9, 2016
EURJPY profit target reached, prepare to turn bullish
Price dropped perfectly towards our profit target. We prepare to turn bullish above major support at 120.85 (Fibonacci retracement, horizontal pullback support) for a bounce above this level to 123.22...
October 20, 2016
EUR/JPY follows trend lower ahead of ECB
EUR/JPY extended its recent fall on Wednesday as the key currency pair dropped in anticipation of Thursday’s monetary policy decision and press conference from the European Central Bank (ECB)...
October 11, 2016
EUR/JPY at a critical price juncture
EUR/JPY has risen to bump up against major resistance just above 115.00 and on the underside of a key descending trend line extending back to the late January highs...
September 30, 2016
Yen retraces weakness on Caixin PMI
On Friday, the Japanese yen retraced earlier weakness during Asia trade, as the Caixin manufacturing PMI for China came in exactly as expected, thus compensating mixed Japanese data on household spending, consumer prices, jobs and industrial production...
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...
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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...
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...
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...
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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...