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Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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EUR/JPY
Mixed
Low
High
of clients are net long. of clients are net short.
Note: Low and High figures are for the trading day.

Euro - Yen Chart

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.
70% of retail CFD accounts lose money Trading forex carries a high level of risk

Support & Resistance

S1 128.54
S2 128.2
S3 127.18
R1 129.6
R2 130
R3 130.97
Strong
Moderate
Weak
Up
Neutral
Down

Pivot Points

P 130.13
S3 129.94
S2 130.04
S1 130.08
R1 130.18
R2 130.22
R3 130.32
Daily Classical Pivot Points. Last Updated: Jul 23, 2021
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70% of retail CFD accounts lose money Trading forex carries a high level of risk

IG Client Sentiment

EUR/JPY Mixed
Net Long
Net Short
Sentiment chart

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bullish contrarian trading bias.

Daily change in
Longs 11%
Shorts 4%
OI 7%
Weekly change in
Longs -26%
Shorts 25%
OI -5%

Economic Calendar

00:30:00
L
Jibun Bank Manufacturing PMI Flash (JUL)
A:
F:
P: R: 52.4
00:30:00
L
Jibun Bank Services PMI Flash (JUL)
A:
F:
P: R: 48.0
00:30:00
L
Jibun Bank Composite PMI Flash (JUL)
A:
F:
P: R: 48.9
05:00:00
L
Import Prices YoY (JUN)
A:
F:
P: R: 12.1%
05:00:00
L
Export Prices YoY (JUN)
A:
F:
P: R: 11.5%
05:00:00
L
PPI YoY (JUN)
A:
F:
P: R: 11.2%
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