EUR/JPY

EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor carry trades at times of optimism about global economic performance and stability; they shun them at times of market stress. This makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair may likewise find volatility in news-flow related to the Eurozone debt crisis as well the extraordinary anti-deflation policy efforts from the Bank of Japan introduced in 2013.


Support & Resistance

EUR/JPY
Webinar: USDOLLAR within Striking Distance of 2016 Open Ahead of FOMC
S1115.37 S R3119.90 S
S2114.08 M R2118.39 M
S3112.93 M R1117.50 W
Trend
down
Volatility
67%
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News


Webinar: USDOLLAR within Striking Distance of 2016 Open Ahead of FOMC

Webinar highlighting featured setups we’re tracking on SB Trade Desk. Here are the updated targets & invalidation levels that matter this week.
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Pressure Back on EUR/USD as Market Sees Looser ECB, Tighter Fed


Euro Price Action Setups Post-ECB


ECB Keeps Rates on Hold; EUR/USD Shifts Lower after Draghi


Shakeout in the Yen on Prospect of ’Helicopter Money’


Real Time News


Analyst Picks

Walker England   

Forex Trading Instructor

My Picks: EUR/JPY Short Pending Breakout
Expertise: Technical Analysis
Average Time Frame of Trades: 1 Day - 1 Week

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