EURJPY

(Last Updated September 22, 2020)

Welcome to the news page for EURJPY (EURJPY). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

As for trends on EURJPY, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.

EURJPY Moving Averages

EURJPY’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bullish, implying a upward trend, aside from a drop about 3 weeks prior.

The chart below illustrates.

Regarding EURJPY’s correlations over the past 7 days, it has demonstrated the strongest correlation with CHFJPY. CHFJPY is the asset with which EURJPY has been most correlated with over the past two weeks as well, so this may be a structural correlation in the market. Alternatively, the asset least correlated with EURJPY over the past week has been USDSEK, but if we observe the prior two weeks, EURAUD has been the asset least correlated with EURJPY. The chart below illustrates EURJPY against its least correlated assets.

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The View From the Weekly Timeframe

At the time of this writing, EURJPY’s rate is down -0.595 (-0.48%) from the week prior. Moreover, note that this is the 2nd week in a row EURJPY has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows EURJPY’s price action over the past year.