EUR/JPY keeps the tight range around 131.60

EUR/JPY fades the earlier spike to the 131.90 zone.
The better note in the yen weighs on the cross.
Trade conditions remain thin as US markets are closed.

Pablo Piovano FXStreet

The negative bias around the greenback lends support to both the euro and the Japanese yen, motivating EUR/JPY to trade directionless in the 131.60 zone on Monday.

EUR/JPY looks to data, risk trends

EUR/JPY struggles for direction in the lower end of the recent range and following Friday’s pullback near 131.60, always amidst a tight trading range due to the inactivity in the US markets.

In the meantime, recent US Payrolls figures seem to have poured some cold water over rising speculations that the Fed could announce some tapering in the near term, reinforcing instead the patient stance from the FOMC until substantial improvement in the labour market becomes more evident.

In the calendar, the final Services PMI in booth Germany and the broader euro area remained firm in June, while the Sentix Index showed the investor’s confidence in Euroland improved to 29.8 for the current month.

Later in the week, the focus of attention should be on the release of the FOMC Minutes on Wednesday and the ECB Accounts on Thursday.

EUR/JPY relevant levels

So far, the cross is retreating 0.02% at 131.63 and faces the next support at 131.27 (weekly low Jun.30) followed by 130.94 (100-day SMA) and then 130.04 (monthly low Jun.21). On the other hand, a surpass of 132.43 (monthly high Jul.1) would aim for 132.69 (weekly high Jun.23) and finally 133.00 (round level).

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 stays bid above 0.7100 on Australian trade data, Mideast optimism

AUD/USD clings to minor recovery gains above 0.7100 in the Asian session on Thursday as a new Israel-Lebanon ceasefire keeps a lid on the safe-haven US Dollar. Meanwhile, strong AustralianTrade Balane data also help the Aussie pair sustain the bounce from weekly lows.

USD/JPY hovers near the 160.00 intervention threshold on Mideast tensions

USD/JPY struggles to find acceptance above 160.00 and retreats from a one-month high in the Asian session on Thursday amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, a new Israel-Lebanon ceasefire caps the US Dollar and supports the currency pair. However, renewed US-Iran tensions keep the downside limited in the Greenback and the pair.

Gold rebounds from one-week low as Israel-Lebanon truce pressures safe-haven USD

Gold gains some positive traction on Thursday and climbs to the $4,475 area during the Asian session, reversing a major part of the previous day's slide to a one-week low. The Israel-Lebanon truce prompts some profit-taking around the US Dollar and supports the commodity.

Ethereum: Long-term holders' capitulation drives ETH below $1,800

Ethereum has fallen below $1,800 on Wednesday, the first time since May 2025 following accelerated spot selling pressure and distributions from long-term holders. The Age Consumed metric, which tracks the movement of previously idle tokens or long-term holders' coins, spiked over the past two days as prices declined, indicating increased selling activity among this cohort.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.