EUR/JPY Dips Close to $142, Due to Bad Mood

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


EUR/JPY is striving to break its raging price action towards the downside. The EUR/JPY is trading at 142.28 – 1.42.70 during the Asian trading period. Also, the pair experienced a good dip yesterday (Thursday), following its failure to exceed the 7-years high of 144.21. In addition, the current market feeling is supporting the JPY versus common currency upward forces.

On the other hand, the EUR stays weak because the Central Bank of Europe (ECB) paid no attention to rising inflation. In addition, instead of for the ECB to declare a biased interest rate to curtail inflation, they maintained an unbiased stand. Experienced EUR/JPY traders are waiting for the action of the ECB President, to make the right trading decisions. Nevertheless, the ECB retained its welcoming principle.

Euro versus Japanese Yen (EUR/JPY) Dips Close to $142, Due to Bad Mood

Additional EUR/JPY Price Factors

Concerning Lagarde’s speech, the ECB’s Asset Purchasing Program will be stopped before next month: July. They will then advance their Interest rate pattern. The interest rate increased will for July by 25 bps, and by September it could be raised above 50 bps. Also, afflicting families in Europe. This is because rising prices caused by Ukraine – Russia war, will cause the inflation rate to increase. This will subsequently affect the EUR/JPY price action.

As per the JPY, the super-relaxed money policy will hold the JPY bulls at bay. The Bank of Japan (BoJ) keeps limiting its ten years of bond proceed at twenty-five percent, which is lower than that of any of the Group of ten nations. Moreover, BoJ has gotten to its inflation target: beyond 2%, this doesn’t mean the wise money policy should end. This is because elevated price forces are created by elevated fuel and commodity prices.

You can purchase Lucky Block here: Buy LBlock

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.