empty
14.01.2025 02:02 PM
EUR/JPY. Analysis and Forecast

This image is no longer relevant

The EUR/JPY pair is showing signs of recovery following a night-time rebound from the psychological level of 160.00, marking the monthly low.

Uncertainty surrounding the timing of the Bank of Japan's next interest rate hike continues to weaken the yen, creating favorable conditions for EUR/JPY's upward movement. Additionally, a modest decline in the US dollar is supporting the euro, contributing to the pair's intraday recovery. However, the dovish stance of the European Central Bank may limit the euro's upward potential, which could also cap gains in the EUR/JPY pair.

This image is no longer relevant

From a technical perspective, strength beyond the 50-hour Simple Moving Average (SMA) supports a bullish outlook. Furthermore, positive oscillators on the 1-hour chart align with the prospects for additional intraday gains. Therefore, a move beyond the psychological level of 162.00 toward testing the 100-hour SMA appears to be a plausible scenario.

On the other hand, weakness below the 50-hour SMA could present a buying opportunity, likely limited to the psychological level of 161.00. A decisive break below this level would make the EUR/JPY pair vulnerable to an accelerated decline toward the psychological level of 160.00, with some intermediate support near the 160.60–160.55 zone.

Outlook

  • Upside Targets: Sustained movement beyond 162.00 could lead to a test of the 100-hour SMA and potentially higher levels.
  • Downside Risks: A break below 161.00 increases the likelihood of a retest of the 160.00 level
Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD. Analysis and Forecast

The EUR/USD pair is showing intriguing behavior, especially given the current economic conditions—dropping to a weekly low during the Asian session before recovering later. The primary factor weighing on EUR/USD

Irina Yanina 11:43 2025-04-23 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 23. Review of Yesterday's Forex Trades

The price test at 140.68 occurred when the MACD indicator had already moved significantly above the zero line, which, in my view, limited the pair's upside potential. For this reason

Jakub Novak 08:48 2025-04-23 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 23. Review of Yesterday's Forex Trades

The test of the 1.3356 price level coincided with the moment when the MACD indicator had just started moving downward from the zero mark, confirming a correct entry point

Jakub Novak 08:48 2025-04-23 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 23. Review of Yesterday's Forex Trades

The test of the 1.1460 price level in the second half of the day coincided with the MACD indicator starting to move downward from the zero line, confirming the correct

Jakub Novak 08:48 2025-04-23 UTC+2

Intraday Strategies for Beginner Traders on April 23

The Euro and the Pound plummeted, along with several other risk-sensitive assets paired with the US dollar—and there were objective reasons for this. Yesterday, Donald Trump stated he was ready

Miroslaw Bawulski 08:48 2025-04-23 UTC+2

Oil is falling, Trump is angry, Powell is silent – who will blink first?

Oil and gas continue to play by the rules of big politics. Every Trump statement, every Federal Reserve decision, and every new move from China is like a new card

Anna Zotova 00:09 2025-04-23 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders – April 22nd (U.S. Session)

Trade Breakdown and Trading Tips for the Japanese Yen The first test of the 140.35 level occurred just as the MACD indicator began to move upward from the zero line

Jakub Novak 19:47 2025-04-22 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – April 22nd (U.S. Session)

Trade Breakdown and Trading Tips for the British Pound The test of the 1.3394 level occurred just as the MACD indicator began moving downward from the zero line, confirming

Jakub Novak 19:39 2025-04-22 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – April 22nd (U.S. Session)

Trade Breakdown and Tips for Trading the Euro The test of the 1.1521 level occurred when the MACD indicator had just started moving down from the zero line, confirming

Jakub Novak 19:19 2025-04-22 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 22. Review of Yesterday's Forex Trades

There were no tests of the levels I had marked in the second half of the day, as the yen's volatility dropped significantly. Today's data shows that the Bank

Jakub Novak 08:11 2025-04-22 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.