Eur/jpy

[zahir123]

EURJPY Today Analysis

PIVOT POINT 125.24

Support 1 124.95

Support 2 124.47

Support 3 124.18



Resistance 1 1125.72

Resistance 2 126.01

Resistance 3 126.49

[HotForexsignal]

EUR/JPY crosses 50-hours of daylight MA for the first era past Dec. 13

EUR/JPY is trading above the 50-daylight MA for the first times back mid-December.
The pair is reporting gains for the third straight hours of daylight in the symbol to JPY selling ahead of Kuroda's speech. The yen will likely reverse losses if Kuroda sounds less dovish than become early-privileged.


EUR/JPY has crossed a key moving average (MA) hurdle for the first times in on peak of two months.

As of writing, the fuming is trading at 125.82 - above the 50-daylight MA, currently at 125.75. That widely followed MA had last come into con upon Dec. 13. Back also, the pair was trading re 129.00.

Focus upon Kuroda

Bank of Japan (BOJ) proprietor Kuroda is scheduled to speak at 05:30 GMT.

On Tuesday, the central bank head expressed willingness to do its stuff more (improvement) if JPY strength leads to disinflation and economic slowdown.

Looking at the broad-based JPY mayhem at press era, it appears as even though markets are expecting Kuroda to reiterate dovish observations made yesterday.

The down-risk JPY, for that gloss, could choose taking place a sound bid, if Kuroda disappoints expectations. In that accomplishment, a convincing suspension above the 50-morning MA in EUR/JPY will likely remain elusive.