The Euro posted solid gains against the Japanese Yen (JPY) on Wednesday, amid an improvement in risk appetite and the dovish stance adopted by the Bank of Japan (BoJ) despite rising interest rates.
EUR/JPY breaks above Tenkan-Sen, eyes 165.00 potential. Holding above 164.00 may lead to testing yearly highs. Bears aim below 164.00 for reversal; Tenkan-Sen, Kijun-Sen as supports. The Euro posted solid gains against the Japanese Yen on Wednesday, amid an improvement in risk appetite and the dovish stance adopted by the Bank of Japan despite rising interest rates. At the time of writing, the EUR/JPY trades at 164.25, up 0.67%.
On the flip side, sellers must drag prices below 164.00 to challenge the new Tenkan-Sen level at 163.71, the next support level. Once surpassed, traders could test the Senkou Span Aat 163.25, followed by the Kijun-Sen level at 162.78. EUR/JPY Price Action – Daily Chart EUR/JPY Overview Today last price 164.27 Today Daily Change 1.05 Today Daily Change % 0.64 Today daily open 163.22 Trends Daily SMA20 162.86 Daily SMA50 161.95 Daily SMA100 160.51 Daily SMA200 159.
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