EUR/JPY trades with low volatility

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 46% 45% 2.17%
Shorts 54% 55% -1.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Neutral Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

As expected, the common European currency continued its free fall against the Japanese Yen on Thursday, thus allowing the currency pair to lose further 103 base points of its value by the end of trading session.

However, it seems that the volatility has reduced during the first part of Friday's session as the exchange rate consolidate after the massive decline during the previous session.

In the meantime, it is likely that the EUR/JPY currency exchange rate could continue moving sideways or trade in low volatility during the following trading session. Meanwhile, technical sentiment suggests that the pair is located in the oversold zone.

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