Instrument: EURJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 153.096 with take profit at 153.541.
Bearish Preference:
Sell position is envisaged if price trades below 152.483 with take profit at 152.094.
Fundamentals:
1:15pm
EUR Main Refinancing Rate
EUR Monetary Policy Statement
1:45pm
EUR ECB Press Conference
Comment:
The EUR/JPY cross prolongs its weekly uptrend for the fourth successive day on Thursday and rallies to its highest level since September 2008, around the 152.85 regions heading into the European session.
The Japanese Yen (JPY) continues to be undermined by a big divergence in the monetary policy stance adopted by the Bank of Japan (BoJ) and other major central banks.
Analysis: SCRUM Team