EURJPY wavers at fresh highs

EURJPY unlocks new highs as investors reassess rate hike bets. Technical signals remain positive but warrant some caution; eyes on 177.00
XM Group | 338 days ago

 

EURJPY edged up to a fresh 35-year high of 176.33 early on Monday after one of Takaishi's closest economic advisors stated that October is too early for a rate hike, favoring December instead.

However, price momentum was limited, with gains capped below the 161.8% Fibonacci extension of the latest pullback at 176.40, indicating that bearish forces remain present. Still, technical indicators suggest the pair may retain some upside potential, as both the stochastic oscillator and RSI have yet to peak in the overbought zone.

A clear break above the 177.00 psychological level could open the door for a test of the upper boundary of the 2025 bullish channel, currently seen around 179.50–180.00.

On the downside, if sellers push the price back below 175.00, bearish pressures could intensify towards the 172.90–173.45 area, where the 50-day simple moving average (SMA) and the channel’s lower boundary converge. A drop below that zone could trigger a deeper decline towards the 171.00 support region.

Overall, while EURJPY still appears to have some bullish momentum, it must decisively clear the 177.00 barrier to sustain Monday’s positive gap and confirm the continuation of the uptrend.

XM Group
Type: Market Maker
Regulation: FSA (Seychelles), FSC (British Virgin Islands), CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
read more
Attention on JPY Crosses: Intervention Risk Back in Focus

Attention on JPY Crosses: Intervention Risk Back in Focus

The Japanese yen has given back much of its late-July and August gains as intervention risk returns to the foreground. This analysis covers USD/JPY, EUR/JPY, and GBP/JPY key levels, carry-trade exposure risks, and what the upcoming BOJ meeting could mean for yen positioning.
Born2trade | 8 days ago
Improving Risk Sentiment Lifts Currencies as Iran Peace Hopes Ease Market Fears | 3rd August, 2026

Improving Risk Sentiment Lifts Currencies as Iran Peace Hopes Ease Market Fears | 3rd August, 2026

Risk appetite improved as renewed US-Iran peace talks and stronger Chinese manufacturing data weakened the US Dollar and boosted risk-sensitive assets. Silver, the Euro, and Australian Dollar advanced, while the Canadian Dollar lagged due to lower oil prices. Investors now focus on US-Iran negotiations, Chinese data, and central bank guidance for the next market moves.
Moneta Markets | 38 days ago
Japanese Yen Finds Support on Intervention Fears as Precious Metals Remain Under Pressure | 25th June, 2026

Japanese Yen Finds Support on Intervention Fears as Precious Metals Remain Under Pressure | 25th June, 2026

Markets traded cautiously as intervention concerns boosted the Japanese Yen ahead of the US PCE inflation report. The US Dollar eased slightly, while gold and silver remained under pressure from elevated Treasury yields and lingering Fed uncertainty. Investors are now focused on US inflation data, Bank of Japan developments, and Federal Reserve policy for the next market catalyst.
Moneta Markets | 77 days ago
BoJ Rate Hike Strengthens Yen While Weak China Data Pressures Australasian Currencies | 16th June, 2026

BoJ Rate Hike Strengthens Yen While Weak China Data Pressures Australasian Currencies | 16th June, 2026

Asian markets were driven by the Bank of Japan’s 25-basis-point rate hike to 1.00%, its highest rate since 1995, boosting the Japanese Yen. Meanwhile, weak Chinese retail sales data pressured the Australian and New Zealand Dollars, raising concerns about regional growth. Investors are now focused on BoJ guidance, Chinese data, and Federal Reserve policy signals.
Moneta Markets | 86 days ago