EUR/JPY Forex Forecasts - Forex Trading Forecasts

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.

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Dollar edges up above 111 yen

The dollar was slightly higher in Friday’s Asian session, halting a nine-day slide against the yen, as US Treasury yields rose. Markets received some clarity...

EURJPY testing resistance, remain bearish

We remain bearish with price testing our 121.23 resistance (Fibonacci retracement, major horizontal overlap resistance) for a push down to 119.70 support...

EURJPY remain bearish below major resistance

We turn bearish below 121.23 resistance (Fibonacci retracement, major horizontal overlap resistance) for a push down to 119.44 support (Fibonacci retracement, horizontal pullback support)...

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EURJPY bounced perfectly, remain bullish

Price bounced absolutely perfectly above our buying level. We now remain bullish with price making a further bullish exit of its descending resistance-turned-support line...

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...

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)...


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...

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)...

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)...

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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...

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)...

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...


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...

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)...

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...

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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...

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...

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...


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...

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...

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...


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...

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...

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...


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...

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...

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...


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...

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...

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...


  


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