© Dukascopy Bank SA
- Rabobank International (based on Bloomberg)
Pair's Outlook
Due to the weak performance of the Japanese Yen the Europe's shared currency was able to outperform the peer. Currently, EUR/JPY is trading around March and April high's at 143.79. Nonetheless, it seems that the pair might be aiming for the recent high at 144.23, which was set four days ago. Meanwhile, the daily and monthly technical studies are continuously pointing to the north, thus strengthening the bullish scenario.
Traders' Sentiment
The amount of short positions opened has increased to 67% from yesterday's 58%, after today's advance. The distribution between the buy and sell orders has remained more stable—56% and 44% respectively.
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