EUR/JPY
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Forex Friday: Risk OFF
In this week’s edition, we discuss the yen, gold, dollar and yields
EUR/JPY selling off ahead of CPI and Ueda
With Japan’s CPI due out in a few hours and BoJ Governor nominee Ueda set to testify on Friday, EUR/JPY could be volatile.
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Improving European data boosts ECB and BOE hike bets
The publication of stronger European data again suggests that the eurozone and UK economies remain surprisingly resilient despite high levels of inflation.
ECB hikes 50bps, as expected. Another 50bps hike to come in March
During the press conference, Christine Lagarde seemed to be talking out of both sides of her mouth.
Yen gaining on speculation of BoJ action next week
At the December BoJ meeting, traders were caught offsides. They won’t let that happen again!
Euro crosses looking perky
..especially against currencies where the central bank is deemed to be slightly more dovish than the ECB
EUR/JPY eyes breakout
…But in which direction?
Euro turns lower after ECB delivered 50bps hike
The ECB has indicated that further normalisation of interest rates “will be appropriate.”
EUR/JPY in focus ahead of ECB decision
If the ECB delivers a 50 bp hike, this will further increase the disparity between Japan and Eurozone monetary policies, supporting the EUR/JPY.
BOJ Preview: Will the BOJ adjust rates at its upcoming meeting?
Will EUR/JPY continue moving higher? The next directional move for the pair could depend of the outcome of these meetings on Thursday!
EUR/JPY pushes lower as recession fears set in
In addition to EUR/USD moving lower, EUR/JPY could continue lower as well, as the Yen is also considered a safe haven currency.
EUR/JPY eyes 145 as ECB and BOJ policy divergence grows
The EUR/JPY should remain supported on the dips, keeping that path of least resistance to the upside.
ECB and the euro in focus, WTI bulls eye $124
The conclusion of today’s ECB meeting is the only game in town today, which has seen the yen and euro rise against the dollar just hours ahead of it.
German Bund yields moving higher, bringing EUR/JPY with them
EUR/JPY may have caught on late, but it is moving higher with Bund yields in parabolic fashion.
German Bund yields reach 1.0%; EUR/JPY moves higher with them
Bund yields are highly correlated with EUR/JPY on the weekly timeframe.
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WTI off lows but remains under pressure - #WTIUSD chart on @TradingView https://t.co/TxDVZNiZDz
4:34 PM − 24 Mar 2023
US open: Stocks rise on hopes of Russia, Ukraine diplomacy
Stocks are set to follow Europe higher as both Russia and Ukraine soften their tone ahead of more peace talks tomorrow.
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Two trades to watch: EUR/JPY, AUD/USD
EUR/JPY drops to 2022 lows in risk off trade, EZ retail sales due. AUD/USD rises as commodity prices gain, NFP next.
EUR/JPY falls to 2-month low as Russia attacks Ukraine
The euro tumbles whilst demand for the safe haven yen soars on fears of a war in Europe.
German Bund Yields almost at 0.00%
German Bund yields have been on a tear lately and are on their way towards a place they haven’t been in since May 2019
EUR/JPY could resume rebound
If we are to see the re-emergence of a trend in FX, it will likely be in yen pairs pushing higher along with stocks
Bears Have A Field Day On EUR/JPY
The yen was already supported by global growth concerns, before the ECB took a sledge-hammer to the Euro with a fresh round of TLTRO’s and slashed growth forecasts. And judging from price action on EUR/JPY, we don’t think bears are done just yet.
EUR/JPY hits new 2019 high
Although the EUR/USD’s rally faltered as the stronger US GDP data underpinned the dollar, other euro crosses remained generally supported in this first half of the North American session.