EUR/JPY remains pressurized below 130.00 amid risk aversion

  • EUR/JPY trades with losses on Tuesday in the initial European session.
  • The Euro gains limited on mixed ECB views, despite strong economic data.
  • Yen gains on its safe-haven appeal as the coronavirus delta variant spreads rapidly across the globe.

EUR/JPY prints losses on Tuesday in the European trading hours. The pair opened higher following the previous day’s upside momentum. However,  fell quickly to touch an intraday low at 129.96.

At the time of writing, EUR/JPY is trading at 129.97, down 0.17% for the day.

The shared currency came under pressure after the European Central Bank (ECB) policymaker Fabio Panetta said that the policy can shift back to the pre-crisis model of the economic growth model. But this will require a new approach and transition in the earlier method of policymaking.

It is worth noting that S&P 500 Futures were trading at 4,405 with 0.20% losses.

On the other hand, the Japanese yen gained on its safe-haven appeal amid rising coronavirus delta variants.  

The country is experiencing a fourth wave of COVID-19 infections as the Summer Olympics is going on.

As for now, traders await the Bank of Japan Governor Haruhiko Kuroda’s speech to gain fresh trading impetus.

EUR/JPY additional levels


Today last price 129.98
Today Daily Change -0.32
Today Daily Change % -0.25
Today daily open 130.3
Daily SMA20 130.54
Daily SMA50 131.96
Daily SMA100 131.23
Daily SMA200 128.54
Previous Daily High 130.35
Previous Daily Low 129.68
Previous Weekly High 130.3
Previous Weekly Low 128.6
Previous Monthly High 134.13
Previous Monthly Low 130.04
Daily Fibonacci 38.2% 130.09
Daily Fibonacci 61.8% 129.93
Daily Pivot Point S1 129.87
Daily Pivot Point S2 129.43
Daily Pivot Point S3 129.19
Daily Pivot Point R1 130.54
Daily Pivot Point R2 130.78
Daily Pivot Point R3 131.21



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