EURJPY Analysis
EURJPY is falling from the lower high area of the descending triangle.
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EURJPY Update
EURJPY is consolidating and retesting the lower high area of the descending triangle due to Trump’s tariffs. The markets are more volatile, which leads to the SL price. However, EURJPY still has a chance of falling from this lower high area of the descending triangle pattern.
Reason: Due to the release of more economic news mentioned below, the market is not making technical movements at this time.
Why EUR is Stronger
Strong Eurozone Economy – The eurozone is doing well — with good growth, low unemployment, and strong consumer spending.
Weak US Dollar -US trade policies and high tariffs are making investors move away from the dollar and into the euro.
Higher Interest Rates – Europe raised interest rates, which attracts more investors to the euro.
Political Stability – Europe is seen as more stable, so people trust the euro more.
Why JPY is Weaker
Low Interest Rates in Japan – Japan still has very low interest rates, which means investors earn less money holding yen — so they prefer other currencies.
Stronger US Dollar (Earlier) – Even though the dollar is now a bit weaker, it was strong for a long time. That pushed the USD/JPY pair higher, making the yen weaker in comparison.
Japan’s Slower Economic Growth – Japan’s economy isn’t growing as fast as others, which makes the yen less attractive to investors.
Less Demand for Safe-Haven Yen – When global markets are calm or improving, investors take more risks and move away from safe-haven currencies like the yen.
Please note: In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patient and wait for the next good opportunity signal.
We always want you to trade safe under all market conditions.
Don’t trade all the time, trade forex only at the confirmed trade setups.
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