Daily Pivots: (S1) 157.80; (P) 158.12; (R1) 158.48; More…. No change in EUR/JPY’s outlook as range trading continues. Intraday bias stays neutral. Risk will be mildly on the downside as long as 158.64 resistance holds. Break of 156.57 support, and sustained trading below 55 D EMA (now at 156.80) will argue that fall from 159.75 […]
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Eurozone trade data showed a strong performance in March, with exports rising 13.7% yoy to EUR 279.8B and imports up 8.8% yoy to EUR 243.0B, resulting in a solid trade surplus of EUR 36.8B. Intra-eurozone Read more…
Key takeaways USD/JPY rebounded sharply from 140.00 to 148.65 but quickly reversed, showing signs of a failed bullish breakout amid profit-taking and technical resistance. The Bank of Japan held rates steady and cut its growth Read more…