© Dukascopy Bank SA
- Bank of New York Mellon Corp. (based on Bloomberg)
Pair's Outlook
The EUR/JPY cross has been trading almost completely flat today, as it is still sitting near the weekly PP at 146.47. We anticipate the pair to stay at the current trading levels for the whole week, as the volatility levels have fallen to the lowest in months. The weekly and monthly technical indicators remain fairly bullish, only the daily ones are suggesting that the price is where it should by giving neutral signals.
Traders' Sentiment
The portion of bears added two percentage points and still a majority of the traders expect a further depreciation of the Euro, specifically 54% of them. The distribution between the buy and sell orders is also quite stable—44% and 56% respectively.
© Dukascopy Bank SA