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Trade ideas for EUR/JPY
Information is not investment advice
EUR/JPY formed a “hammer” candlestick on D1. This is a sign of a potential short-term correction to the upside. Notice though that you have to be careful with a counter-trend trade like this as bears still dominate the market. Buying is possible above 122.30 with a target at 122.75 (the declining resistance line). If EUR/JPY falls below 122.05, it will likely revisit the recent low.
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus