Eurjpyshort
Why is EUR/JPY important to traders? LONGOne of the popular pairings across the worldwide foreign exchange market is EUR/JPY. It represents around 3% of all daily transactions and is actually the seventh most-traded currency pair on the market.
Investors and traders alike look to the euro/Japanese yen currency pair because high levels of volatility can provide plenty of trading opportunities
Most people have a basic understanding of the euro and how it came to be, so let's start off with the Japanese yen.
As the third most widely traded currency in the world, and the fourth reserve currency (behind the US dollar, the euro, and pound sterling), the yen is a very popular option for those who wish to begin trading.
The yen has a rich and complex history (compared to the relative infancy of the euro) and was officially adopted by the Meiji government in the year 1871. Since then it has grown in value considerably, mostly due to the strength of Japan’s industrial base.
Agricultural enterprises, advanced production of various products and food and a thriving technology industry have all helped to catapult the yen into being one of the most popular currencies to trade on the forex market.
The story of the euro is much simpler, but nonetheless an interesting look into a modern currency. The euro was only conceived in the 20th century, and physical notes and coins for the euro weren't released until the 90s. Now the euro is the currency for many European countries.
Although the euro is a relatively new currency, the euro has had its fair share of ups-and-downs. Political and economic events surrounding the turn of the century (such as the European recession) are just some of the reasons for euro volatility.
Factors influencing the euro-yen rate
In the next two subsections, we're going to take a look at what major factors throughout both Europe and Japan affect the euro yen exchange rate. As with most regions, factors that can have knock-on effects are usually fairly broad and similar in nature. Japan, however, has some interesting key points that differ from the norm, which we'll explain in more detail.
Role of EUR
Like most modern currencies, the major factors which influence the movement of euro prices are mainly economic, political, and financial. Many of the ways in which the euro is affected will already be familiar to people who have a basic knowledge of how traders try to determine which way prices of currencies like the euro will move.
For example, the monthly reports which are released by the European Central Bank (ECB) form the backbone of many traders' decisions regarding the euro. These reports can affect the fluctuation of euro rates – and keen investors and traders are quick to scour these details as soon as they are released in an effort to find out more about what direction the euro could be heading.
Economically, news releases surrounding employment can play a huge part in the oscillation of euro rates. These figures are freely available and provide a valuable insight into the health of Europe's economy and the direction in which euro prices could go.
Role of JPY
The economy of Japan has a few more factors in play that can affect the rate of their currency. As always, the general health of the economy will play a massive part, with the high rate of import and export trading in Japan helping to boost or weigh on prices, depending on the state of the industry.
One of the influencing factors that you're less likely to find in other countries is, surprisingly, the rate of natural disasters which occur in the region. Due to the small size of the country, events like natural disasters can affect the currency’s value immensely.
The government of Japan often utilises economic initiatives in an effort to bolster the economy. As a result, many traders and investors pay extremely close attention to interest rates and government interventions from financial institutions such as the Bank of Japan (BOJ). Another regular factor that traders watch out for is the details within data reports such as the Tankan Report, the Tokyo Area CPI and the aforementioned interest rate decisions of the BOJ. These help to determine various financial paths that the yen may follow.
EURJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from 4H bullish order block + institutional big figure 148.000
Fundamental analysis: Next week we have news on EUR, will be released Interest Rate which is expected to increase, followed by ECB Press Conference. Increased interest rate means strength in currency which could support our analysis.
Like, comment and subscribe to be in touch with my content!
EURJPY sell setupeurjpy is at strong resistance area a move to the down side expected
look for bearish confirmation on lower time frames and sell with your own money management
patience is the key
EURJPY SELL AGAINHi fellow traders, EURJPY has formed a new corrective structure after the last drop. Look for a sell opportunity from this area. The trade will be invalidated if we break the red line. Target the support levels. Good luck and trade safe!
EURJPY - SHORTLooking at short positions as pair is in a bearish trend.
Looking a bearish continuation after the short break above the bearish trend.
This is a long-term swing for me looking forward at least 3-4 months.
I would need to zoom in to get a better entry point, once price approached the major resistance zone .
**This is just my trading thought process and does not constitute as financial advice.
**Trading with proper risk management
EURJPY SELL AGAINEURJPY
o trade the EUR/JPY pair in a selling position as it reaches a good selling zone, it is important to exercise caution and implement proper risk management strategies. Traders should consider placing a stop-loss order to limit potential losses and prioritize effective capital management.
In addition, it is essential to monitor market conditions closely and stay informed of any significant developments that could impact the value of the currency pair. With a disciplined approach to trading and a focus on risk management, traders can potentially capitalize on market movements and achieve their trading objectives.
EURJPY shorts on Global Macro expectations The reasons that back my case are simple.
First of all, we need to take into consideration that Yen is a high risk off asset, with yen longs taking place whenever there is a big uncertainty in the world, or a black swan event unfolding.
If you believe that a big crisis is yet about to be seen then you need to consider shorting EURJPY , I personally do for the reasons below.
Yen Long Factors
-New Governor UEDA taking head and within the next meeting of 28th of April along with market expectations Yen is expected to appreciate on expectations that the bank will widen the Yield curve band or even
will take it off. Any positive tone on Interest rates will be considered at the meeting as well.
-Sharp decreases in headline inflation such as the one from 6 down to 5% are signs of a big incoming crisis. Usually, when we run into recession, inflation is drastically moving to the downside, this drugs US Yields lower on expectations for more rate cuts taking place from FED this year.
-U.S. NFIB Small Business Optimism showing a bleak picture. Even though this indicator is considered a 1-star indicator from calendar news, it is the omen of the US unemployment rates and Jobless claims climbing up while US NFP and Jolts data moving lower. So on the aggregate, it is the first sign before US Labor data start showing a very bad picture.
EUR Short Factors
-EUR Large Speculators are overbought on EUR across the board and this shows that if and when they are about to unfold their positions we are going to see a big short playing on EURO , it just needs a big catalyst to take place for them to follow through.
EURJPY Trading Plan - 27/April/2023Hello Traders,
Hope you all are doing good!!
I expect EURJPY to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURJPY sell setupEURJPY is making series of efforts to break the significant area of resistance ahead
we are expecting a move to the downside before any further continuations to the upside
look for bearish confirmation on lower time frame and sell EURJPY with your own money management
always remember patience pays
EURJPY - Short#EURJPY in Weekly time frame
In This setup EURJPY Will down more to touch the support area of this channel.
EURJPY Bearish Breakout! EUR-JPY broke the rising
Support and the breakout
Is confirmed so after a
Retest of the broken line
Which is now a resistance
We are likely to see
A bearish move down
EURJPY 1HEURJPY near the weekly high point and is overextended, it is expected to retrace back to the 147.717 zone ..
EURJPY SHORT - DAILY SUPPLY AREA VIOLATED Good evening traders,
Further to my previous analysis on EURJPY, I am happy to be looking for short term sells now we have violated the daily supply zone.
This is a risky trade for me, the Euro is strong currently and I am still bullish on EU - this had led me to only risk half of my standard position size this time around.
Targeting the imbalance on the 4h provides a healthy risk to reward. Lets see how the market plays out in the coming days.
Best wishes,
Jake
EUR/JPY 147.775 +0.29% LONG IDEA 🐮📈HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD.
* Looking at EURJPY London session TRADE which my play out NEW-YORK SESSION
* Asian session took out last Fridays HIGHS taking ASIAN buy side liquidity
* waiting on some market structure shift as price is delivered this morning torwads the upside.
- momentum is significantly bullish so this trade might play out new-york session.
-looking to take ASIAN liquidity below & unmitigation bullish OB.
- TARGET would be the the BSL.
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
EURJPY sell setupeurjpy is testing a strong resistance area on multiple time frames
look for bearish confirmation on lower time frame around mentioned reaction area above and sell eurjpy with your own money management
always remember that patience pays
EUR/JPY is strong resistance level: Time to sell?Hello traders! EURJPY is in a strong resistance level in the daily chart. The area between 147.50- 148.20
is a strong resistance zone from where price can fall 300-400 pips.
I recommend selling the ralies in EUR/JPY with entry price between 147.60-148.20, Stop loss placed
moderately above the resistance zone and TPs at 145.80 and final TP at 143.50.
What im looking at on EURJPYLooking for shorts here as price broke structure on 4H.
Expecting Price to retrace a bit more.
We already have price retraced and mitigated the 4H and 1H OB last week.
We can zoom in on the 15M TF to find a sell entry to the downside.
EURJPYThis decline could have widespread effects on global financial markets and trade, and could potentially lead to increased export costs for eurozone member countries. In these conditions, it is recommended that exporters and investors, if possible, use various financial tools such as currency exchanges and the stock market to reduce the effects of this decline and achieve greater profits.
EURJPY soon sellEUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR.
Investors tend to favor carry trades at times of optimism about global economic performance and stability; they shun them at times of market stress. This makes EUR/JPY sensitive to swings in broad-based market sentiment trends.
The pair may likewise find volatility in news-flow related to the Eurozone debt crisis as well the extraordinary anti-deflation policy efforts from the Bank of Japan introduced in 2013.
