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      10 Jan 2020

      EUR/JPY Technical Analysis: Target is now at the 2020 high near 122.00

      • EUR/JPY is struggling for direction in the 121.60 area.
      • The cross remains bid while above the 200-day SM, today at 121.00.

      The improved sentiment in the risk-complex in combination with the unabated selling pressure in the yen have sustained the recent recovery in EUR/JPY to levels well above 121.00 the figure.

      That said, and while above the 200-day SMA at 121.00, the cross is expected to keep the positive outlook unchanged.

      Immediately above aligns the late December tops in the 122.50/65 band ahead of July’s top in the 123.30 region.

      EUR/JPY daily chart

       

      Jan 10, 2020

      Bank Indonesia: Will allow rupiah to strengthen, USD/IDR hit 21-month lows

      Bank Indonesia (BI), the Indonesian central bank, will allow the rupiah to strengthen in line with market movements, but will not target any level, sa
      了解更多 Previous
      Jan 10, 2020

      BOE’s Tenreyro: UK labor market is not tightening further

      The Bank of England (BOE) policymaker Silvana Tenreyro said on Friday that “by all measures UK labor market is very tight”. More to come
      了解更多 Next