EUR/JPY

Traders and investors alike are bracing for another 25 basis points rate hike from the U.S. Federal Reserve today. This will effectively put the U.S. short term fed funds rate in the range of 0.75% - 1.00%. The increase in the interest rate comes as the U.S. economy continues to show heightened economic activity while inflation has also become firmly anchored above the Fed's 2.0% inflation target rate.

EUR/JPY underpinned by risk sentiment despite collapse in EUR/USD

EURJPY not able to break the b-b trend line

The EURJPY pair above is moving in a contracting triangle pattern.

There is some minor possibility of the EUR/JPY staging a rally until the end of trading today, provided that the right conditions are present.

The Euro has been consolidating its recent losses to the Japanese yen, we think the move lower will continue in today's trading.

The EUR/JPY is set to test higher levels from here and possible breakout to the upside.

The Japanese yen is very likely to continue its downward trajectory, even against the embattled Euro which is looking to gain traction in complex market conditions.

The EUR/JPY can be bought for a daily call option at current levels around 137.60, only if we see an hourly close below 137.50 we would consider reversing our position on this cross pair.

The Japanese Yen is continuing to rally against the single european currency, binary bets are favoured to the downside!

The Euro is rising to the Japanese Yen as we speak, reiterating opportunities to be traded on a fresh footing. We could buy calls currently, but the best trade would come after a break of the range.

The Euro is likely to maintain its strength tomorrow unless we see a surprise from ECB's President Mario Draghi & Co.

The Euro is holding up rather well in US trading, buying calls is preferred in this environment.

The Japanese Yen is still very strong as other parts of the world, namely the Euro zone is moving towards deflationary pains. The big question is how will the ECB act next week. Until then we would be buying puts on EUR/JPY rallies.

The Euro has not been spared by the Japanese Yen, it seems to be one of the strongest currencies today and that is not a surprise considering the sell-off in stocks.

The Euro is struggling to maintain bullish bias above 141.50. By the end of the hour with the release of the consumer sentiment data we might have a clear direction.

The Euro staged a rally today against the US dollar, how will it perform against the Japanese Yen next?

The Bank Of Japan is likely to increase its stimulus to achieve its 2% inflation target. The levels around 138.90-139.00 will likely provide enough support so we would be buying calls.

The EUR/JPY pair is taking a breather befoer another leg higher, we would buy some calls at levels around 135.30-35. The pair has benefitted from a general risk appetite sentiment today and has already tested major daily resistance level at 135.50.

Is the Japanese Yen about to erase all Euro gains?