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EURJPY


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Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch

Volatility remains extremely high across the FX spectrum Commodities volatility reaches new highs; Bitcoin poised for smaller moves Equities volatility is off the charts led by the S&P 500 and DAX 40 indices Volatility in EUR/USD remains very high as the pair recorded a decent weekly drop following the stronger US CPI data. Geopolitical events have also played a crucial role in pushing volatility higher in the remaining currencies, including the yen crosses, with the market n
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Technical Analysis – EURJPY rises towards 16-year high

EURJPY rebounds off uptrend line Price holds above SMAs Oscillators indicate more bullish movements EURJPY is climbing higher after the turning point near the medium-term ascending trend line and is moving towards the 16-year high of 165.36. The market has been developing within an uptrend since December 7 with the technical oscillators confirming an upside tendency.
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Technical Analysis – EURJPY pulls back towards crucial trendline

EURJPY retraces lower following a 16-year peak Tests ascending trendline drawn from July 2023 Oscillators suggest weakening momentum EURJPY had been in a steady advance since December 2023, peaking at a fresh 16-year high of 165.34 on March 20. Since then, the pair has been undergoing a downside correction, with the upward sloping trendline that connects higher lows since July 2023 currently acting as a strong support.
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Technical Analysis – Will EURJPY re-test the 16-year high soon?

EURJPY rebounds off 163.30, holding above rising trend line Bullish bias in longer-term timeframes But MACD and RSI loses momentum in near term EURJPY found support at the 163.30 barrier and is moving again towards the 16-year high of 165.36 that was recorded on March 20. The pair has been remaining in an upward tendency since December 7, but the technical oscillators are indicating weakening bias.
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Technical Analysis – EURJPY drops below ascending channel

EURJPY descends below ascending channel But 50-day SMA prevents further retreats Momentum indicators are tilted to the downside EURJPY has been in a steady advance since December 2023, peaking at the 2024 high of 163.70 on February 27. Since then, the pair has been undergoing a minor correction breaking below the lower end of its upward sloping channel before finding strong support at the 50-day simple moving average (SMA).
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EURJPY flips backwards to retest familiar support zone Trend signals lean to the negative side More sellers might show up below 160.70   EURJPY could not sustain its recent recovery attempt above the 162.00 round level, drifting lower to seek shelter near the important support trendline, which came to the rescue on Thursday. The pair eased back below its 200-day simple moving average (SMA) and the technical indicators are not in the oversold area at the moment, increasing the
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Technical Analysis – EURJPY recovers from mild pullback

EURJPY storms back higher towards 2024 peaks Momentum indicators weaken but remain positive EURJPY has been in a steady advance since December 2023, peaking at the 2024 high of 163.70 on February 27. Despite experiencing a pullback in the past week, the pair found its feet and rotated back higher towards its recently registered three-month peak.
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Technical Analysis – EURJPY falls slightly after meeting 3-month high

EURJPY creates bullish tendency in short- and long-term timeframes RSI indicates potential downside retracement EURJPY is retreating somewhat after the aggressive buying interest towards the three-month high of 163.70. The price has been developing an upward trend since the rebound off the 153.15 support level confirming the bullish bias in the short- and long-term pictures.
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Technical Analysis – EURJPY on the rise above 162.00, but for how long?

EURJPY posts new 3-month high Momentum indicators are gaining ground Positive structure remains intact above short- and long-term diagonal lines EURJPY is skyrocketing above the 162.00 round number, recording a fresh three-month high. The market is completing a strong bullish rally after the bounce off the 158.90 support level, posting the tenth consecutive green day.
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Technical Analysis – EURJPY re-enters bullish channel

EURJPY edges higher after 50-day SMA prevents decline Jumps back within its bullish channel in place since June Momentum indicators turn positive EURJPY had been sliding lower in the short term, following its rejection at 161.85 in late January. Nevertheless, the pair managed to quickly recoup most of its losses after the 50-day simple moving average (SMA) curbed its downside, re-entering its medium-term bullish channel.
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Technical Analysis – EURJPY rotates lower as rebound falters

EURJPY bounces back after 50-day SMA prevents decline But reverses lower again, finding support at descending trendline Momentum indicators are neutral-to-negative EURJPY has been sliding lower in the short term, following its rejection at 161.85 in late January. Despite its temporary rebound at the 50-day simple moving average (SMA), the pair has been on the retreat again, holding marginally above the downward sloping trendline taken from its 15-year peak of 164.28. Should selli
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S&P 500 at all-time highs, expected to make bigger moves ahead – Volatility report

Volatility remains low across the FX spectrum with the exception of EUR/USD Gold volatility drops but silver remains at its midpoint; oil and Bitcoin set for small moves S&P 500 volatility rises significantly; remaining stock indices in calmer waters Volatility in EUR/USD has jumped as the pair recorded a sizeable correction last week following some key data releases.
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Technical Analysis – EURJPY starts a new bearish cycle

EURJPY trims January’s gains within bullish channel Short-term risk skewed to the downside   EURJPY started a new bearish cycle within a short-term upward-sloping channel, pulling from a one-and-a-half month high of 161.85 to reach a low of 159.20 on Tuesday. Technically, the 78.6% Fibonacci retracement of the previous downleg halted January’s rally, with the 20- and 50-day exponential moving averages (EMAs) currently trying to prevent additional declines below the 159.00 mark.
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Volatility Report – January 23, 2024

Volatility remains significantly low across the currency board Commodity markets seem quiet as well, oil exhibits more volatility than metals US indices in the middle of volatility range, JP225 and Bitcoin are rather hot The recent range-trading in most major currency pairs has caused their expected volatility to drop to relatively low levels.
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Technical Analysis – EURJPY re-enters its bullish channel

EURJPY bounces back after 200-day SMA prevents decline Rejoins its bullish setup in place since summer Momentum indicators are within their positive territories EURJPY has been on the rise again after a period of weakness in which the price dropped below its bullish channel established in June. The rebound has been largely attributed to the pair’s repeated inability to violate the 200-day simple moving average (SMA).
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Technical Analysis – EURJPY sustains short-term bullish structure

EURJPY takes a breather after one-month high A break above the 160 area is required   EURJPY has been moving back and forth within the 158.50-160.00 region following last week’s aggressive bounce to a one-month high of 160.17. Technically, the short-term range is formed by the 50% and 61.8% Fibonacci retracement levels of the previous downfall, but the series of higher highs and higher lows that started from December’s trough are still promising.
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Volatility Report – January 16, 2024

Volatility crashed across the FX spectrum including EUR/USD and JPY crosses Gold and Silver volatility drops; oil and Bitcoin set for sizeable moves Stock indices in turbulent waters, JP225 volatility records a new monthly high  The recent range-trading in EUR/USD has caused the expected volatility to drop to the lowest level of the past month, despite some key data releases.
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Volatility Report – January 9, 2024

EUR/USD and GBP/USD volatility picks up, JPY crosses seem quiet Gold and Silver volatility inches lower, oil and Bitcoin set for big moves US indices in calm waters; DAX and JP225 volatility at monthly highs EUR/USD expected volatility remains high after a market moving NFP report and ahead of the US CPI data on Thursday. On the flip side, yen crosses are expected to experience very low volatility going forward.
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Could Tokyo CPI be another small step towards the much-touted BoJ normalization? – Preview

Tokyo CPI report kicks off a very interesting period for the BoJ Earnings data under the microscope until we get wage news Yen’s recent gains against the euro are under threat if data releases turn negative Tokyo CPI released on Tuesday; average earnings data on Wednesday Strong start of 2024 with Tokyo CPI and earnings data With the market digesting the upside surprises seen in last week’s US labour market statistics, yen traders are preparing for a strong start to the we
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Technical Analysis – EURJPY speeds above key barrier

EURJPY rises above key resistance, but more remain Technical signals show improvement   EURJPY has been in a range between its 20- and 200-day simple moving averages (SMAs) over the past month, currently pushing for a close above the former at 156.45 after failing twice to overcome it in December. The technical indicators are sending some encouraging signals. The RSI keeps trending up, and the MACD has risen above its red signal line.
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