The EUR/JPY is edging into its highest bids in over 15 years, trading north of 161.50 and looking for more.
The EUR/JPY continues to climb, tipping into a 15-year high. The Yen is fumbling across the board for Wednesday. Investors likely to begin watching for signs of intervention from the BoJ. The Japanese Yen has struggled recently, being all but abandoned by a hyper-dovish Bank of Japan that remains entirely focused on propping up long-run growth expectations for the Japanese economy even as the Yen continues to tumble to record lows.
EUR/JPY Technical Outlook The Euro is up over 2.5% against the Yen from last week's swing low into 157.70, and with little technical patterns on the high end to cap bullish momentum, the pair could see an easy break into further record territory. The EUR/JPY caught a clean bounce from the 50-day Simple Moving Average last week, and long-term chart support sits at the 152.00 handle with the 200-day SMA. A rising trendline from late July's swing low into 152.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/JPY cracks 15-year high, sees 161.00The EUR/JPY clipped the 161.00 handle on Tuesday, etching in a 15-year high as the pair clatters along the ceiling heading into a round of EU Retail Sales figures.
Read more »
EUR/JPY Price Analysis: Extra gains remain on the cardsEUR/JPY advances to fresh YTD highs just above 161.00 the figure on Tuesday.
Read more »
Japanese Yen Latest: USD/JPY and EUR/JPY Probe Fresh Multi-Year HighsThe current risk-on sentiment dominating a range of financial markets is adding to structural Yen weakness, leaving JPY at risk against a range of other currencies.
Read more »
EUR/JPY Price Analysis: Rally looks unabated so farEUR/JPY extends the march north of the fifth session in a row and clinches a new 2023 peak past the 161.00 hurdle on Wednesday.
Read more »
You Won’t Finish This ArticleI’m going to keep this brief, because you’re not going to stick around for long. I’ve already lost a bunch of you. For every 161 people who landed on...
Read more »
Domaine de la Romanee-Conti Wins Best Winemaker at Golden Vines AwardsDomaine de la Romanée Conti took the top prize while the gala raised $1 million for charity.
Read more »