Friday, February 23, 2018
Banner Top
EUR/JPY – Germany-Japan yield differential favors a bullish move
Banner Content
  • EUR/JPY awaits upside break of 100-pip range.
  • Widening yield spread favors bullish break.

EUR/JPY has been stuck largely in a 100-pip range of 135.00-136.00 since Jan. 15, but an upside break could happen soon, suggests the widening yield differential.

The 10-year German-Japan yield spread has increased to 53 basis points today; the highest level since mid-August 2014. Further, the daily RSI is above 50.00 and beginning to rise.

Hence, the cross will likely hold above 136.00 this time and may extend gains further. Still, caution is advised as over the last ten days, the pair has repeatedly faded spike above the psychological level of 136.00.

Yield spread chart

EUR/JPY Technical Levels

A close above 136.00 (psychological level) would open doors for 136.64 (Jan. 5 high) and 137.00 (range breakout target). On the downside, breach of support at 135.57 (session low) could yield 135.18 (Jan. 19 low) and 134.92 (Jan. 24 low).

Banner Content

0 Comments

Leave a Comment

Jimmy BUY LICENSE 1 out of 5 agents online CHANNELSAGENTS Add agent Add communication channels: Chat on site Telegram Mobile SDK Facebook Viber Email WhatsApp xtreamacademy.com SETTINGS ARCHIVES STATISTICS ASSIGN AGENTS Jimmy JivoChat code is not installed on this site INSTALL CODE xtreamacademy.com SETTINGS ARCHIVES STATISTICS ASSIGN AGENTS Jimmy JivoChat code is not installed on this site INSTALL CODE Install Code on xtreamacademy.com Installation Send instructions to my webmaster Install the following code on every page of your site right before the closing tag, or use one of the CMS plugins below: COPY TO CLIPBOARD Or select and install one of following plugins OPEN SITE SETTINGS Download the agent's app: For Windows & MacAndroidiPhoneBrowser-based Support License Agreement JivoChat Inc. © 2011-2018. All rights reserved