EUR/JPY appears firmer and looks to regain 130.00 and above

EUR/JPY extends gains and retakes the 130.00 yardstick.
The greenback eases ground and boosts the risk complex.
The US CPI will be in the limelight later in the NA session.

Pablo Piovano FXStreet

The softer note in the dollar gives extra legs to the risk-associated assets and lifts EUR/JPY back to the 1.1830 region on turnaround Tuesday.

EUR/JPY now focuses on US CPI

EUR/JPY posts gains for the third session in a row and flirts with the 10-day SMA in the lows-130.00s on Tuesday, where some initial resistance of the weekly rebound seems to have turned up so far.

Further support for the risk complex comes in the form of higher yields in the German 10-year Bund and the US 10-year note to the -0.30% region and the vicinity of 1.35%, respectively.

Later in the NA session, all the attention will be on the publication of the US inflation figures gauged by the CPI for the month of August. Earlier in the day, the NIFB index bettered to 100.1 during last month.

In japan, the Industrial Production expanded at an annualized 11.6% in July and the Capacity Utilization contracted 3.4% from the previous month. Closer to home, the Spanish CPI gained 0.5% MoM and 3.3% YoY.

EUR/JPY relevant levels

So far, the cross is up 0.13% at 130.01 and a surpass of 130.29 (38.2% Fibo of the June-August drop) would expose 130.74 (monthly high Sep.3) ahead of 131.06 (100-day SMA). On the downside, the next support comes in at 129.59 (low Sep.13) seconded by 129.51 (200-day SMA) and finally 128.59 (monthly low Jul.20).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

AUD/USD turns south toward 0.6900 as USD firms up

AUD/USD sees fresh selling and drops toward 0.6900 in late Asian trading on Monday, as renewed US Dollar strength weighs on the pair amid lingering Middle East and Russia-Ukraine geopolitical tensions. Focus remains on Oil prices, Treasury bond yields, and RBA expectations for fresh trading impetus in the major.

USD/JPY retakes 158.00 amid hawkish BoJ bets, firmer USD

USD/JPY erases losses and retakes 158.00 in the Asian session on Monday, trading within a one-week-old range. Geopolitical uncertainty continues to underpin the US Dollar, despite fading Fed rate hike hopes, supporting the pair's rebound. However, further upside could be capped by hawkish BoJ expectations and looming intervention risks that could support the Japanese Yen.

Gold languishes below $4,200 amid high US yields

Gold trims some losses on Monday, but remains trapped within previous ranges, with upside attempts limited below $4,200 and with two-month lows of $4,110 at a short distance. The recent pullback on the US Dollar Index has provided some support for precious metals although the high US Treasury yields are keeping a floor on US Dollar dips so far.

Pi Network risks a steeper decline as bearish momentum builds

Pi Network extends losses below $0.090 maintaining a steady decline for the fifth consecutive day. The retail demand remains firm, with the notional value of active perpeutals holding above $10 million. The technical outlook for PI remains bearish as bearish momentum mounts.

ISM Services PMI expected to show robust US economy in September

The US ISM Services PMI is expected to improve marginally in September. The US services sector is expected to remain well into expansionary territory. Bets of further Fed tightening appear to have lost traction in the last few days.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.