Today's Forex Factory data indicate that eurozone economic indicators continue to be mixed—with persistent growth concerns and dovish signals from the ECB—while safe‑haven flows into the yen remain robust.
The latest COT report for JPY shows that large speculators are building significant net-long positions in the yen. This strong positioning suggests that many institutional traders expect the yen to appreciate further.
Putting these pieces together, the outlook for EUR/JPY in the coming days appears to be bearish, as the strengthening yen is likely to put downward pressure on the pair.
Since EUR is mixed awaiting technicals to align with COT JPY before executing
The latest COT report for JPY shows that large speculators are building significant net-long positions in the yen. This strong positioning suggests that many institutional traders expect the yen to appreciate further.
Putting these pieces together, the outlook for EUR/JPY in the coming days appears to be bearish, as the strengthening yen is likely to put downward pressure on the pair.
Since EUR is mixed awaiting technicals to align with COT JPY before executing
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.