EUR/JPY cracks 15-year high, sees 161.00
07.11.2023, 21:12

EUR/JPY cracks 15-year high, sees 161.00

  • The EUR/JPY ticked into a new decade-and-a-half high bid, touching the high side of 161.00.
  • EU Retail Sales coming around the corner for Wednesday.
  • Japan data continues to sour, steepening Yen declines.

The EUR/JPY clipped the 161.00 handle on Tuesday, etching in a 15-year high as the pair clatters along the ceiling heading into a round of EU Retail Sales figures.

Japan Overall Household Spending for the year into September missed expectations early Tuesday, printing at -2.8% and accelerating the decline from August's -2.5% and missing the median market expectation of -2.7%.

EU Retail Sales are slated for Wednesday's European market session, and markets are expecting further downside in the long tail of the data with an improvement on the cards for the month-on-month figure.

Annualized Retail Sales into September are expected to print at -3.2% versus August's YoY of -2.1%, while September's MoM figure is forecast to rebound from -1.2% to just -0.2%.

EUR/JPY Technical Outlook

The EUR/JPY's bump into the 161.00 handle sets a fifteen year high for the pair, and is continuing to push further away from the 50-day Simple Moving Average (SMA) after rebounding from last week's swing low into the 158.00 price level. The Euro has closed four straight green days against the Yen.

Momentum has been thinning out, and a recent bout of chart congestion between 160.00 and 158.00 has left technical indicators to spool down into their midranges. On the low side, long-term technical support is at the 200-day SMA, far below current price action at 152.00.

EUR/JPY Daily Chart

EUR/JPY Technical Levels

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik