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Eurjpysignal

EURJPY: Entry for seller!Fundamental Overview The market is increasingly betting on a weaker USD/JPY. This prediction is based on two main factors - the likelihood of a significant reduction in Fed interest rates and concerns regarding the stability of the US financial system. Additionally, there is the unpredictability of a potential change in BoJ policy, which could significantly impact the value of the yen. We anticipate that at the upcoming BoJ meeting on June 16th, the yield curve target may be shortened from 10-year to 5-year JGB yields, resulting in a significant increase in 10-year JGB yields and a corresponding strengthening of the yen.
Short
by Sphyn-Trader
2
EUR/JPY Price Analysis:155-165STRATEGY STRONG BUY EUR/JPY climbs sharply to 2023 past 149.00 The underlying strong upside momentum in the cross appears unchallenged for the time being. Against that, the continuation of the upward bias should challenge the key 150.00 barrier in the relatively short term. So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.43. Japan Housing Starts Fall Less than Estimated Japanese Shares Jump After BOJ Decision Japanese Yen Weakens After BOJ Decision Bank of Japan Holds Rates, Tweaks Forward Guidance Tokyo Core Inflation Accelerates in April Japan Retail Sales Grow More than Expected Japan Industrial Output Growth Tops Estimates Japan Jobless Rate Rises to 14-Month High Japan Leading Economic Index Revised Upward Japan Coincident Index Revised Downward BIG PICTURE BEARISH BoJ not changing policy, intensified interest rate differential game Japan is still a basket case Japan inflation at multi-year highs, while BoJ stuck in denial BoJ still unlikely to change course BoJ keeps to the dovish script FX intervention unlikely to prevent yen weakness The BoJ cannot defend the yen and is unlikely to want to Increasing divergence between a dovish BoJ and tighter Fed monetary policy BoJ intervention unlikely to halt yen’s slide Only intervention from Japanese officials can relieve the yen BIG PICTURE BULLISH The Bank of Japan can add to the yen’s appeal The likelihood of a BoJ policy shift should accelerate Yen gains Yen to outperform as tightening cycles eventually come to an end and central banks turn to easing Further policy adjustments from the BoJ BoJ will review the side effects of its ultra-loose monetary policy BoJ's policy tweak consistent with and supportive of Yen outperformance A change at the helm of the BoJ puts JPY in pole position for 2023 Japan's economy and monetary policy to remain reasonably steady going forward Yen seen as particularly sensitive to any swings in growth and monetary policy trends BoJ reluctance to ease may put the yen on top
Long
by DaveBrascoFX
1
Why is EUR/JPY important to traders? LONGOne of the popular pairings across the worldwide foreign exchange market is EUR/JPY. It represents around 3% of all daily transactions and is actually the seventh most-traded currency pair on the market. Investors and traders alike look to the euro/Japanese yen currency pair because high levels of volatility can provide plenty of trading opportunities Most people have a basic understanding of the euro and how it came to be, so let's start off with the Japanese yen. As the third most widely traded currency in the world, and the fourth reserve currency (behind the US dollar, the euro, and pound sterling), the yen is a very popular option for those who wish to begin trading. The yen has a rich and complex history (compared to the relative infancy of the euro) and was officially adopted by the Meiji government in the year 1871. Since then it has grown in value considerably, mostly due to the strength of Japan’s industrial base. Agricultural enterprises, advanced production of various products and food and a thriving technology industry have all helped to catapult the yen into being one of the most popular currencies to trade on the forex market. The story of the euro is much simpler, but nonetheless an interesting look into a modern currency. The euro was only conceived in the 20th century, and physical notes and coins for the euro weren't released until the 90s. Now the euro is the currency for many European countries. Although the euro is a relatively new currency, the euro has had its fair share of ups-and-downs. Political and economic events surrounding the turn of the century (such as the European recession) are just some of the reasons for euro volatility. Factors influencing the euro-yen rate In the next two subsections, we're going to take a look at what major factors throughout both Europe and Japan affect the euro yen exchange rate. As with most regions, factors that can have knock-on effects are usually fairly broad and similar in nature. Japan, however, has some interesting key points that differ from the norm, which we'll explain in more detail. Role of EUR Like most modern currencies, the major factors which influence the movement of euro prices are mainly economic, political, and financial. Many of the ways in which the euro is affected will already be familiar to people who have a basic knowledge of how traders try to determine which way prices of currencies like the euro will move. For example, the monthly reports which are released by the European Central Bank (ECB) form the backbone of many traders' decisions regarding the euro. These reports can affect the fluctuation of euro rates – and keen investors and traders are quick to scour these details as soon as they are released in an effort to find out more about what direction the euro could be heading. Economically, news releases surrounding employment can play a huge part in the oscillation of euro rates. These figures are freely available and provide a valuable insight into the health of Europe's economy and the direction in which euro prices could go. Role of JPY The economy of Japan has a few more factors in play that can affect the rate of their currency. As always, the general health of the economy will play a massive part, with the high rate of import and export trading in Japan helping to boost or weigh on prices, depending on the state of the industry. One of the influencing factors that you're less likely to find in other countries is, surprisingly, the rate of natural disasters which occur in the region. Due to the small size of the country, events like natural disasters can affect the currency’s value immensely. The government of Japan often utilises economic initiatives in an effort to bolster the economy. As a result, many traders and investors pay extremely close attention to interest rates and government interventions from financial institutions such as the Bank of Japan (BOJ). Another regular factor that traders watch out for is the details within data reports such as the Tankan Report, the Tokyo Area CPI and the aforementioned interest rate decisions of the BOJ. These help to determine various financial paths that the yen may follow.
Long
by DaveBrascoFX
EURJPY - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from 4H bullish order block + institutional big figure 148.000 Fundamental analysis: Next week we have news on EUR, will be released Interest Rate which is expected to increase, followed by ECB Press Conference. Increased interest rate means strength in currency which could support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
10