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.

Rekha Chauhan Independent Analyst

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

EUR/JPY

Overview
Today last price	129.98
Today Daily Change	-0.32
Today Daily Change %	-0.25
Today daily open	130.3

Trends
Daily SMA20	130.54
Daily SMA50	131.96
Daily SMA100	131.23
Daily SMA200	128.54

Levels
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

Author

Rekha Chauhan

Independent Analyst

Rekha Chauhan has been working as a content writer and research analyst in the forex and equity market domain for over two years.

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