(VIANEWS) - EUR/JPY (EURJPY) has been up by 1.87% for the last 21 sessions. At 16:08 EST on Wednesday, 3 January, EUR/JPY (EURJPY) is $156.41.
Eur/jpy price analysis: the key upside barrier is seen at the 156.90–157.00 zone
The EUR/JPY cross recovers some lost ground above the mid-155.00s during the early European session on Wednesday. , Technically, the bearish outlook of EUR/JPY remains intact as the cross holds below the 50- and 100-hour Exponential Moving Averages (EMAs) on the four-hour chart.
EUR/JPY's yearly highs and lows, it's 13.435% up from its 52-week low and 4.789% down from its 52-week high.
Volatility
EUR/JPY's last week, last month's, and last quarter's current intraday variation average was a negative 0.33%, a negative 0.16%, and a positive 0.43%, respectively.
EUR/JPY's highest amplitude of average volatility was 0.33% (last week), 0.59% (last month), and 0.43% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/JPY's Forex is considered to be overbought (>=80).
Previous days news about EUR/JPY (EURJPY)
- Eur/jpy hovers around 156.00 ahead of eurozone PMI data. According to FXStreet on Tuesday, 2 January, " On the Japanese Yen front, the anticipation that the Bank of Japan (BoJ) will exit its ultra-loose policy by the first half of 2024 might cap the downside of the JPY and act as a tailwind for the EUR/JPY cross. ", "However, the bearish outlook of the EUR/JPY remains intact as the cross holds below the key Exponential Moving Average (EMA) on the daily chart. "
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