EUR/USD 1.16641
0.129%
Gold 4545.41
1.107%
Oil 87.088
-0.662%
USD/JPY 159.256
0.013%
GBP/USD 1.34670
0.173%
GBP/JPY 214.475
0.198%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Iranian state media, the Iranian Islamic Revolutionary Guard Corps struck a stronghold of a separatist group in northern Iraq.On May 31, European Central Bank (ECB) Governing Council member Pereira stated that the ECB should not hesitate to act given persistently high consumer price pressures. In a media interview on Saturday evening, he said, "I think its better to act sooner rather than later to avoid a larger second-round effect. When there is a potential inflationary spiral, I tend to act more quickly and decisively." These comments come ahead of the ECBs monetary policy meeting on June 10-11, when markets and economists expect officials to raise interest rates by 25 basis points.On May 31, Federal Reserve Governor Waller stated during a panel discussion at the 32nd Dubrovnik Economic Conference that the global adoption of stablecoins could amplify the influence of Federal Reserve policy. "For countries that adopt stablecoins, its like a fixed exchange rate system," he said. "Youre inputting US currency costs, so in more countries that use stablecoins, it actually expands the reach of US monetary policy."May 31 - According to a report by the German newspaper Welt am Sonntag on May 30, citing an anonymous Pentagon source, the United States plans to accelerate its troop withdrawal from Europe and will submit a related plan to its NATO allies next month.May 31st - A recent survey indicates that over 1,000 food items will see price increases in the Japanese market this June. According to Japanese media, rising costs of raw materials and packaging materials due to the situation in the Middle East are expected to continue in the coming months. Teikoku Databank surveyed 195 major food and beverage manufacturers nationwide, inquiring about their price increase intentions. The results show that 1,078 food items will see price increases in June, including processed foods, seasonings, and cooking oil. Instant noodles are expected to see price increases of 6% to 10%, cooking oil 11% to 15%, and potato chips 5% to 30%.

Price Analysis: EUR/JPY Daily Rising Wedge Targeting 143.00

Daniel Rogers

Nov 23, 2022 16:01

 截屏2022-11-23 上午9.53.21.png

 

The EUR/JPY continues to consolidate within an ascending wedge, after ending Tuesday with tiny losses of 0.04% due to a risk-on sentiment. At the start of the Asian trading session, the EUR/JPY exchange rate is 145.48, representing a slight gain of 0.01%.

 

As noted previously, a rising wedge emerged on the EUR/JPY daily chart, with the bulk of daily lows acting as dynamic support after the 50-day Exponential Moving Average (EMA). In spite of the fact that the cross continues to move steadily, there has been less price action during the past four days. This would suggest that the EUR/JPY exchange rate is stable or that a breakout is near.

 

If the EUR/JPY reaches 146.00, it could accelerate a rally toward the year-to-date (YTD) highs near 148.40; however, buyers must first overcome crucial resistance levels. The first is the rising wedge top trendline close to 146.50, followed by the 9 November daily high at 147.11. After the psychological 148.00 is reached, the next objective will be 149.00.

 

If the EUR/JPY breaks below the rising wedge, the 50-day exponential moving average (EMA) around 144.12 would provide first support. A breach of this level will expose the 143.00 level, followed by the November 11 swing low of 142.54.

Suggestion