EURJPY is holding on to its most recent gains, having recovered from last week’s low of 137.85 on Jun 16. The primary trend remains up. The climb above 140.00 this month confirmed a resumption of the uptrend that began Mar 7. Moving average studies still point north, reinforcing current conditions and this signals scope for a continuation higher towards 144.58 next, a Fibonacci projection. Firm S/T support is seen at 137.82, the 50-day EMA.
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No data Friday -- But StL Fed President did appear on Fox Business interview in the afternoon. Nothing particularly new from Bullard though he did add he does not see a recession occurring this or next year.
The primary downtrend in JGBs remains intact although a corrective cycle is in play and the contract maintains a firmer short-term tone. Key resistance to watch is at 150.14, Apr 1 high. The breach, in March, of the 61.8% Fibonacci retracement of the 2015 - 2020 rally at 149.65 strengthened a bearish theme and opens 148.79/147.95, which marks both the 3.0% Lower Bollinger Band and the 1.0% 10-dma envelope. A break of 150.14 would alter the picture.
Equities staging a more robust rebound off lows last 20 minutes, not headline driven, more program/technical while offers fade. Current levels: