Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
5 Jan 2024

EUR/JPY Price Analysis: Flatlines around 158.00 as a doji emerges

  • EUR/JPY sees minimal gains in a risk-off environment, influenced by contrasting US economic reports and JPY dynamics.
  • Potential downward pressure could lead to tests of Kijun-Sen at 157.52 and Senkou Span B, with further support at 157.03.
  • For upward momentum, buyers need to break above 159.00, targeting Ichimoku Cloud bottom at 159.32 and 160.00 resistance.

The EUR/JPY clings to minuscule gains of 0.01% late in Friday trading, courtesy of a risk-off impulse amid mixed economic data from the United States (US). Consequently, the Japanese Yen (JPY) gained some ground against the US Dollar (USD), as seen by the USD/JPY, trimming some of its losses, which underpinned the cross-pair. At the time of writing, the pair is trading at 158.33 after seesawing within the 158.07/99 range.

During the last three days, the EUR/JPY has managed to rise above the 158.00 figure, but failure to reclaim 159.00 leaves the pair exposed to selling pressure. If sellers step in, they could drive prices toward the Kijun-Sen at 157.52, ahead of testing the Senkou Span B at 157.52. A breach of the latter will expose the Senkou Span A, followed by the Tenkan-Sen at 157.03.

If buyers emerge at current levels, they must regain 159.00 so they can test the bottom of the Ichimoku Cloud (Kumo) at 159.32. The next supply zone would be the 160.00 handle, followed by the top of the Kumo at around 161.35/55.

EUR/JPY Price Action - Daily Chart

EUR/JPY Technical Levels

 

Jan 5, 2024

NZD/USD advances as markets digest US data

In Friday's session, the New Zealand Dollar (NZD) advanced against the US Dollar (USD), trading at a comfortable level of 0.6250, seeing firm gains.
Read more Previous
Jan 5, 2024

United Kingdom CFTC GBP NC Net Positions fell from previous £141K to £15.2K

United Kingdom CFTC GBP NC Net Positions fell from previous £141K to £15.2K
Read more Next