EURJPY

(Last Updated April 15, 2021)

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

Forex Calendar for EURJPY

metric_name reference_period asset_name asset_id date time forecast outcome
Japan BoJ Gov Kuroda Speech NA Japanese Yen JPY 2021-04-15 01:00 GMT
Japan Reuters Tankan Index Apr 2021 Japanese Yen JPY 2021-04-15 23:00 GMT
Euro Area Eurogroup Video Conference NA Euro EUR 2021-04-16 08:00 GMT
Euro Area Core Inflation Rate YoY Final Mar 2021 Euro EUR 2021-04-16 09:00 GMT 0.9%
Euro Area Inflation Rate YoY Final Mar 2021 Euro EUR 2021-04-16 09:00 GMT 1.3%

The Trend

If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for EURJPY.

EURJPY Moving Averages

The moving averages on EURJPY indicate a trend that is clearly bullish.

The chart below illustrates.

As for assets in the Forex asset class EURJPY has been correlated to over the past week, it has been most correlated with CADCHF. Over the past 14 days, however, USDZAR is the asset most correlated to EURJPY. On the flip side, the asset least correlated with EURJPY over the past week has been EURNOK, but if we observe the prior two weeks, CADJPY has been the asset least correlated with EURJPY. See the chart below to observe the recent price action in EURJPY versus those of assets it hasn’t been well correlated with.

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The View From the Weekly Timeframe

At the moment, EURJPY’s rate is down -1.3 pips (-0.01%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on EURJPY. Given that we see an uptrend on the 20 and 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows EURJPY’s price action over the past year.

EURJPY: The Monthly View

Strongest trend on the 24 month timeframe.

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