search
Install Now

An incredible cashback rate!
40% of the spread!

Join Now

Should We Keep a Close Eye on the Rising Euro-Yen Pair?

Market Report

Should We Keep a Close Eye on the Future Trajectory of the Rising Euro/Yen Pair?

12.04.2022

Today's Highlights
  1. Remarks by Brainard, the Designated Vice Chair of the Federal Reserve
  2. Germany/Europe: ZEW Economic Sentiment Survey

In the previous day’s trading, the U.S. dollar was in a stalemate against the euro, with the EUR/USD pair trading within a range of 1.087 to 1.093.Similarly, the GBP/USD pair is trading in a range between 1.298 and 1.305, showing no clear direction. Notably, the daily RSI for GBP/USD stands at 33, so we should carefully monitor whether it will form a double bottom on the daily chart.

European currencies weakened again as reports emerged that approximately 10,000 civilians had been killed in Mariupol, in southeastern Ukraine, fueling concerns that the war—with no end in sight—is intensifying. Among the yen crosses, the euro/yen pair is facing particularly heavy resistance on the upside and is currently attempting to rise around the 136.49 level.

Today, at 3:00 p.m., the UK unemployment rate and the German Consumer Price Index will be released; at 4:00 p.m., Turkey’s industrial production figures; at 6:00 p.m., the German/ZEW Economic Sentiment Survey, at 7:00 PM the U.S. NFIB Small Business Optimism Index, at 9:30 PM the U.S. Consumer Price Index, at 1:10 AM a speech by incoming Fed Vice Chair Brainard, at 2:00 AM the U.S. 10-year Treasury auction,U.S. Budget Balance at 27:00, and remarks by U.S. Richmond Fed President Barkin at 7:45 the following day. While keeping an eye on economic data releases starting during European trading hours, we will closely monitor the direction of cross-yen pairs.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Will the Euro Hold Its Ground Against the U.S. Dollar as Interest Rates Rise?

Next Article

Should We Focus on the Strength and Weakness of European and U.S. Currencies in This State of Tension?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are paying close attention to this feature.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every $5,000 (e.g., $110,000, $115,000, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for four hours.

Return to Notification Settings