EUR/JPY tumbles to lowest since September 2019 near 116.30. JPY-buying intensifies on coronavirus fears, oil collapse. German Trade Balance, Industrial Production, EMU Sentix index next on the docket. The strong buying pressure around the Japanese yen has dragged EUR/JPY to fresh multi-month lows in the 116.40/35 band during early trade on Monday. EUR/JPY weaker on yen demand EUR/JPY is losing ground for the third consecutive session at the beginning of the week, testing the proximity of 116.30 on increasing demand for the Japanese currency, levels last traded in September 2019. In fact, unabated concerns around the coronavirus (COVID-19) keep weighing on investors’ sentiment on Monday, while the ‘price war’ in crude oil have been also collaborating with the sour mood among market participants. In addition, and exacerbating concerns around the global growth, China’s trade balance figures showed the largest deficit in the last 16 years in February ($7.09 billion), with exports contracting more than 17% and imports down 4%. In the docket, January’s German Trade Balance figures and Industrial Production will be in the limelight later in the morning followed by the Sentix Index for the month of March. EUR/JPY relevant levels At the moment the cross is losing 1.43% at 117.18 and a drop below 116.36 (2020 low Mar.9) would aim for 115.86 (2019 low Sep.3) and finally 114.85 (monthly low April 2017). On the other hand, the next resistance lines up at 119.62 (21-day SMA) followed by 120.22 (200-day SMA) and then 121.39 (weekly high Feb.20). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF Price Analysis: Bears will keep eyes on support trendline from 2015 FX Street 3 years EUR/JPY tumbles to lowest since September 2019 near 116.30. JPY-buying intensifies on coronavirus fears, oil collapse. German Trade Balance, Industrial Production, EMU Sentix index next on the docket. The strong buying pressure around the Japanese yen has dragged EUR/JPY to fresh multi-month lows in the 116.40/35 band during early trade on Monday. EUR/JPY weaker on yen demand EUR/JPY is losing ground for the third consecutive session at the beginning of the week, testing the proximity of 116.30 on increasing demand for the Japanese currency, levels last traded in September 2019. In fact, unabated concerns around the coronavirus (COVID-19) keep weighing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.