EUR/JPY holds losses near 187.00 ahead of ECB policy decision
EUR/JPY Price Forecast: Remains below nine-day confluence near 187.00
We're just hours away from the Federal Reserve's interest rate decision. With markets fully pricing in no change, it is the tone that matters.
EUR/JPY remains subdued below 187.00 as risk-off sentiment weighs on Euro
EUR/JPY Price Forecast: Moves below 186.50, nine-day confluence
EUR/JPY slips below 186.50 following BoJ policy decision
EUR/JPY edges higher as markets brace for BoJ, ECB decisions amid Middle East tensions
EUR/JPY Price Forecast: Tests nine-day EMA support near 186.50
EUR/JPY is eyeing a potential bullish breakout from a pennant structure on the H4 chart, putting the focus on whether the price can retest the April highs. With momentum indicators starting to improve and the looming BOJ decision carrying major implications for the yen, the setup offers a blend of technical opportunity and event risk.
The backdrop in EUR/USD is likely to be determined at least partially by the time frame with which the trader or analyst is looking. From a fundamental basis, there's been periods where the backdrop has appeared to be divorced from the price action such as the sliding sell-off in March even as the European Central Bank was widely considered to be on the way to rate hikes.
EUR/JPY edges higher as policy caution, Middle East war temper Yen strength
EUR/JPY Price Forecast: Holds above 186.50 to test nine-day EMA barrier