© Dukascopy Bank SA
- Nordea Markets (based on Bloomberg)
Pair's Outlook
EUR/JPY is trading closer to the major level at 148, after relatively calm last week; moreover, the common currency is underpinned above the 147 mark. It seems as the pair is trying to gain momentum for a further advance, as it is struggling to breach the previously mentioned 148 level. A distinct majority of the technical indicators remain strongly bullish, thereby increasing the bullish expectations even more.
Traders' Sentiment
A considerable majority of traders stay pessimistic with respect to the single European currency. Right now as many as 62% of them expect it to lose value against the Japanese Yen. Meanwhile, the percentage of orders set to acquire the Euro rose to 56%,
© Dukascopy Bank SA