- Euro consolidates losses on dovish ECB expectations for the September meeting.
- Yen remains strong as bond yields reach new lows on risk aversion.
The EUR/JPY pair extended the reversal and printed a fresh daily low at 117.61, near the 2019 low established on Monday at 117.50.
Earlier today the pair peaked at 118.97 and from the top lost more than a hundred pips, making a significant reversal. It is back under pressure, about to test the 117.50 area, a critical support that if broken would signal more losses ahead.
Regarding the yen, it remains among the strongest currencies on the bank of the risk aversion environment. Equity prices on Wall Street failed to make a recovery and US yields continue to move lower supporting the yen. The 10-year reached 1.50% for the first time in three years.
|Today last price||117.74|
|Today Daily Change||-0.23|
|Today Daily Change %||-0.19|
|Today daily open||117.97|
|Previous Daily High||119.3|
|Previous Daily Low||117.78|
|Previous Weekly High||119.88|
|Previous Weekly Low||117.68|
|Previous Monthly High||123.36|
|Previous Monthly Low||120.04|
|Daily Fibonacci 38.2%||118.36|
|Daily Fibonacci 61.8%||118.71|
|Daily Pivot Point S1||117.4|
|Daily Pivot Point S2||116.83|
|Daily Pivot Point S3||115.88|
|Daily Pivot Point R1||118.92|
|Daily Pivot Point R2||119.87|
|Daily Pivot Point R3||120.44|
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