EUR/JPY Price Analysis: Room for extra gains

EUR/JPY clinches fresh tops near 148.60 on Tuesday.
Next of note on the upside comes the 150.00 yardstick.

Pablo Piovano FXStreet

EUR/JPY corrects lower following the move to fresh highs in the 148.60/65 band, an area last seen back in later December 2014.

The underlying strong upside momentum in the cross appears so far unabated despite the ongoing knee-jerk. Further north of recent tops at 148.63 (April 25), the cross could embark on a potential visit to the key 150.00 mark in the not-so-distant future.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.31.

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	147.79
Today Daily Change	102
Today Daily Change %	-0.34
Today daily open	148.29

Trends
Daily SMA20	145.48
Daily SMA50	144.11
Daily SMA100	142.83
Daily SMA200	142.32

Levels
Previous Daily High	148.47
Previous Daily Low	147.12
Previous Weekly High	147.86
Previous Weekly Low	146.4
Previous Monthly High	145.67
Previous Monthly Low	138.83
Daily Fibonacci 38.2%	147.96
Daily Fibonacci 61.8%	147.64
Daily Pivot Point S1	147.45
Daily Pivot Point S2	146.61
Daily Pivot Point S3	146.1
Daily Pivot Point R1	148.8
Daily Pivot Point R2	149.31
Daily Pivot Point R3	150.15

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 consolidates above 0.7000; remains close to monthly top

AUD/USD holds steady above 0.7000 during the Asian session on Friday, trading just below the previous day's monthly low amid diverging forces. A hawkish RBA continues to support the Aussie, while the recent decline in US bond yields keeps the US Dollar depressed near a three-week low. However, oil-driven inflation fears reinforce Fed hike bets, which, along with geopolitical risks, could benefit the safe-haven buck and cap the currency pair.

USD/JPY bounces off one-month low; climbs to 157.00 amid reviving USD demand

USD/JPY rebounds from the 156.00 neighborhood, or a one-month low touched during Friday’s Asian session, with bulls looking to extend momentum beyond 157.00 amid the emergence of some US Dollar buying. Meanwhile, Japan's National CPI rose to a nine-month peak and reaffirmed BoJ rate-hike bets, which could support the Japanese Yen and cap gains for the currency pair.

Gold treads water around $4,000

Gold prices maintain its offered stance in place at the end of the week, hovering around the key $4,000 threshold per troy ounce. The persistent selling bias in the precious metal comes amid decent gains in the US Dollar and an acceptable rebound in US Treasury yields across the curve, all alongside further upside traction in crude oil prices.

Crypto Today: Bitcoin holds the 50-day EMA as Ethereum and XRP face structural resistance

Bitcoin gradually ticks up on Friday, trading above $81,000. The Crypto King has recently defended structural support near $80,000, reinforcing the prevailing bullish outlook. Ethereum similarly edges higher above $2,400, while Ripple trades above $1.32 after testing support around $1.30.

The French bond panic is overdone. Here's what the market is misreading

France's 10-year government bond yield has climbed above 5%, reigniting fears of a sovereign debt crisis in the Eurozone. With public debt exceeding €3.5 trillion, persistent budget deficits and a fragmented political landscape, investors are increasingly questioning the French government's ability to stabilize its finances.

What November 3 means for the Fed's rate path and the US Dollar

The USD faces a decisive period ahead of the November 3 midterm elections. While markets anticipate another interest rate increase from the Fed in December, the battle for control of Congress could reshape fiscal policy expectations and, indirectly, the path of US monetary policy in 2027.