EURJPY Analysis
EURJPY reached the higher low area of the ascending channel.
EURJPY Update
EURJPY has broken the Ascending channel, which leads to the SL price.
Reason: Due to the release of more economic news mentioned below, the market is not making technical movements at this time.
Why JPY is Stronger
Rising Japanese Bond Yields Support JPY – Japan Government Bond yields surged to multi-decade highs, making Yen-denominated assets more attractive.
BoJ Rate-Hike Expectations Lift the Yen – Growing expectations that the Bank of Japan will raise interest rates strengthened demand for JPY.
Hawkish BoJ Sentiment Boosts Confidence – Calls for more aggressive monetary tightening increased confidence in Japan’s interest-rate outlook.
Why EURO is Weaker
Eurozone Inflation Data Creates Caution – Investors remained cautious ahead of the Eurozone HICP report, limiting demand for the Euro.
ECB Policy Uncertainty Weighs on EUR – Although another rate hike is expected, uncertainty over further tightening kept the Euro under pressure.
Economic Growth Concerns Hurt Sentiment – Persistent inflation could keep borrowing costs high and place more pressure on the Eurozone economy.
Please note In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. It’s crucial to remain 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.
Get more confirmed trade signals at premium or supreme plan here: forexgdp.com/buy/
+2200% + 800% +400% +150% Growth in Live Real Trading account of our users, check here: https://www.forexgdp.com/realaccounts/
