0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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

Data provided by
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Germany 30: 2.74% France 40: 2.73% FTSE 100: 2.28% Wall Street: 0.91% US 500: 0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SvvEG07UEc
  • NZ PM says Auckland will move to level 3 restrictions for 3 days $NZD
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/dnwQT6AhKF
  • Heads Up:🇿🇦 Unemployment Rate (Q2) due at 09:30 GMT (15min) Previous: 30.1% https://www.dailyfx.com/economic-calendar#2020-08-11
  • 💶 ZEW Economic Sentiment Index (AUG) Actual: 64.0 Previous: 59.6 https://www.dailyfx.com/economic-calendar#2020-08-11
  • 🇩🇪 ZEW Current Conditions (AUG) Actual: -81.3 Expected: -68.8 Previous: -80.9 https://www.dailyfx.com/economic-calendar#2020-08-11
  • 🇩🇪 ZEW Economic Sentiment Index (AUG) Actual: 71.5 Expected: 58 Previous: 59.3 https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇩🇪 ZEW Current Conditions (AUG) due at 09:00 GMT (15min) Expected: -68.8 Previous: -80.9 https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇩🇪 ZEW Economic Sentiment Index (AUG) due at 09:00 GMT (15min) Expected: 58 Previous: 59.3 https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:💶 ZEW Economic Sentiment Index (AUG) due at 09:00 GMT (15min) Previous: 59.6 https://www.dailyfx.com/economic-calendar#2020-08-11
Currency Volatility: Data Could Spark EURJPY Price Action

Currency Volatility: Data Could Spark EURJPY Price Action

2019-03-28 00:00:00
Rich Dvorak, Analyst
Share:

EURJPY IMPLIED VOLATILITY – TALKING POINTS

  • EURJPY Implied volatility has crept up recently with the measure now sitting at its highest level since January
  • Key events to watch for are the latest Consumer Price Index reading from Germany in addition to employment, industrial production and retail numbers out of Japan
  • Check out the DailyFX Education Center for free Trading Guides and Forecasts

The Euro-Yen could see heightened price action in Thursday’s session judging by implied volatility on EURJPY overnight options contracts. In fact, EURJPY overnight implied volatility rose to 9.01 percent which is its highest level since January 23.

FOREX MARKET IMPLIED VOLATILITIES AND TRADING RANGES

EURJPY Overnight and 1 week implied volatilityForex Market implied volatility and trading rangesCurrency market implied volatility EUR, USD, GBP, JPY, NZD, AUD, CAD, CHF

Key events to watch for are the latest Consumer Price Index reading from Germany in addition to employment, industrial production and retail numbers out of Japan. Germany is expected to report a 1.5 percent year-over-year increase in its CPI – a print higher than consensus could put upward pressure on the Euro since higher inflation has potential to erode the ECB’s recent dovish position. Similarly, the Yen could take a dive If Japanese data disappoints and comes in below estimates.

FOREX ECONOMIC CALENDAR – EURJPY

EURJPY Upcoming Economic Events that impact Euro and Yen

Visit the DailyFX Economic Calendar for a comprehensive list of upcoming economic events and data releases affecting the global markets.

EURJPY CURRENCY PRICE CHART: 4-HOUR TIME FRAME (FEBRUARY 28, 2019 TO MARCH 27, 2019)

EURJPY Currency Price Chart

EURJPY currency traders might expect the forex pair to trade between a range of 123.704 and 124.876 which creates a band 1 standard deviation away from spot prices using overnight implied volatility. Recent Eurozone weakness and riskaversion has sent forex traders flocking into the Japanese Yen and has resulted in a short-term downtrend for the EURJPY cross and is worth keeping an eye on for signs of continuation or a potential reversal higher.

The uptrend line formed from the low on March 22 and today has pushed spot EURJPY into a tight coil, however, and leaves the recent consolidation looking prime for a breakout. Drawing a Fibonacci retracement from March’s high and low points puts the 23.6 percent and 0.0 percent Fibs as potential short-term targets.

EURJPY TRADER CLIENT SENTIMENT

Currency Volatility: Data Could Spark EURJPY Price Action

Check out IG’s Client Sentiment here for more detail on the bullish and bearish biases of EURUSD, GBPUSD, USDJPY, Gold, Bitcoin and S&P500.

According to EURJPY trader data from IG, 53.8 percent of traders hold net long positions with the ratio of traders long to short at 1.16 to 1. However, the number of traders net-long is 3.4 percent lower than yesterday but remains 51.7 percent higher from last week.

- Written by Rich Dvorak, Junior Analyst for DailyFX

- Follow @RichDvorakFX on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.