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Eurjpylong

EURJPY: New events!Asian stock markets could fall in Monday's trade as investors await to see if the recent sell-off in long-dated bonds will last and could ease pressure on the dong. Dollar. The MSCI index of Asia-Pacific shares (excluding Japan), was down 0.02% at 562, but still near the January high of 574.52. Japan's Nikkei (N225) fell 0.4% after hitting a six-month high on Friday, as Japan recorded a record economic contraction in the second quarter. E-Mini futures for the S&P 500 were up 0.25%, well below a record-high close of 3,386.15. US second-quarter earnings season will end with major retailers reporting this week, including Walmart Inc (N: WMT), Home Depot Inc (N: HD) and Kohls Corp (N: KSS). Politics will be in the spotlight as the Democratic National Convention kicks off the 2020 presidential election season.
Long
by Sphyn-Trader
4
The Samurai Draghi's Joust: A "Don't-Go-Broke" Thesis for GoingBehold, brave knights and fair dames of Tradingview, here's a daring foray into the cryptic labyrinth of forex markets. A quest as enticing as the Siren's song, but fear not, for this tale is not as perilous as those charted by unfortunate souls who dared short GameStop. Pull out your noble steeds (or, in this case, your trading platforms), and let's gallop into the thrilling landscape of the EURJPY. Now, many of you might be wondering, "Why in Satoshi Nakamoto's name would we be trading the Euro against the Yen?" Well, my dear diamond hands, that's because we're staring at a potential Lambo party - the kind where you might just get to turn a crisp profit without squeezing shorts tighter than your gym shorts after the quarantine. Macro-level Contextual Tapestries Firstly, let's get this out there - Europe has been flexing its economic biceps recently. With significant green recovery plans and an infrastructure investment program that makes the Eiffel Tower look like a Lego project, the Eurozone is poised to rise like a phoenix (not the Fawkes type for Harry Potter fans, the growth type). The ECB has been playing the monetary policy game better than a seasoned Dungeons & Dragons master, maintaining an inflation target as finely balanced as a ballet dancer on a tightrope. Meanwhile, over in the Land of the Rising Sun, Japan has been facing economic headwinds that'd make even a typhoon blanch. An aging demographic that's graying faster than George Clooney, coupled with a stubbornly stagnant inflation rate, has made the Bank of Japan's quest to stimulate growth as challenging as finding a Charizard in your first Pokémon pack. The Fundamentals Don't Lie, Except When They Do (But Not Here) The fundamentals are in our favor, too, more than a double cheeseburger at 2 a.m. after a long night out. The Eurozone's inflation is starting to tick up, fueled by increased consumer spending, recovering tourism, and a global commodity price rally. These factors are likely to nudge the ECB towards a more hawkish stance, potentially leading to an interest rate hike. Higher interest rates? Stronger currency. That's Investing 101, right up there with "Don't buy high and sell low." On the flip side, Japan’s CPI (excluding fresh food and energy) has been flatter than a pancake on Shrove Tuesday. This chronic deflation scenario has kept the BOJ’s hands tied, forcing them to keep their interest rates lower than a limbo stick at a beach party. With little sign of this changing, the Yen's about as likely to strengthen as a stick of butter in a hot frying pan. A Meme Dream Team To put it simply, we're looking at a potential "Stonks go up" situation here for EURJPY. If the Euro strengthens (courtesy of our friend Inflation making a long-awaited comeback tour) and the Yen weakens (thanks to Japan's ongoing economic Netflix drama), we might be on track to see the EURJPY go to the moon. Of course, the forex market can be as unpredictable as a cat on catnip. So remember, while the macro and fundamental stars seem to be aligning in our favor, always do your own research, and never bet more than you can afford to lose. Keep those hands diamond-strong, and may the forex odds be ever in your favor! (Disclaimer: This post is not financial advice. It's a whimsical, humor-filled take on the potential future of the EURJPY. Always do your due diligence before investing. The market can move in mysterious ways.)
Long
by lleong3
2
Will EURJPY find support at previous swing low?EURJPY - 24h expiry Selling pressure from 150.20 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 148.65 level. We look to Buy at 148.65 (stop at 148.25) Our profit targets will be 149.65 and 149.85 Resistance: 151.40 / 152.95 / 155.20 Support: 148.40 / 146.05 / 144.20 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
Will EURJPY find buyers at market?EURJPY - 24h expiry We are trading at oversold extremes. This is positive for sentiment and the uptrend has potential to return. The trend of higher lows is located at 146.13. We prefer to consider the medium term trend and expect buying interest to support as prices move lower. Further upside is expected although we prefer to buy into dips close to the 148.90 level. We look to Buy at 148.90 (stop at 148.50) Our profit targets will be 149.90 and 150.10 Resistance: 151.40 / 152.95 / 155.20 Support: 148.40 / 146.05 / 144.20 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
2
EURJPY: The bulls!Predicting continuation of the uptrend EUR/JPY is a forex quote that represents the exchange rate between the Euro and the Japanese Yen. Traders like to borrow the low-yielding Yen to fund carry trades and buy higher-yielding currencies like the Euro during times of optimism. However, during times of market stress, investors tend to avoid carry trades. EUR/JPY is affected by shifts in global economic performance and stability. The Eurozone debt crisis and the Bank of Japan's anti-deflation policy introduced in 2013 also contribute to the pair's volatility.
Long
by Jiren-SphynChannels
2
EURJPY POTENTIAL PROGRESS FORMATION IN PROGRESSWe can see that the pair has turned bullish after a short correction. We have also identified certain patterns which further support our bullish basis. These have been listed below: 1: The pair is in a strong uptrend as the price is making new highs 2: Trendline breakout 3: Pennant pattern breakout We will wait for the price to correct on the lower time frames after the trendline breakout then only can we start to look for reasons to enter long. We do not take trades with less than 1 to 3 risk rewards. If we get stopped out , we follow our trading plan as we wait for a new setup to form. We only take one entry per setup and do re-enter when stopped out as we see this as revenge/over-trading.
Long
by NDOBObanks
EURJPY to see another stem dip?EURJPY - 24h expiry A Doji style candle has been posted from the high. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at 149.05 (stop at 148.65) Our profit targets will be 150.05 and 150.25 Resistance: 151.40 / 152.95 / 155.20 Support: 148.40 / 146.05 / 144.20 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK AFTER BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. EURJPY can be SELL at 145.95 level before BUY. After that you can BUY at 152.98 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 152.98 LEVELS.
by benny_marshall
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