EUR/JPY advances to tops near 118.30 and recedes afterwards. Broad-based risk-on sentiment sustains the move up in the cross. US Consumer Confidence in centre stage later in the NA session. The generalized improved mood in the risk complex is bolstering the upside in EUR/JPY on Tuesday. EUR/JPY stronger on risk appetite EUR/JPY is advancing for the second session in a row on Tuesday, extending the bounce off recent lows in the 117.00 neighbourhood and always supported by the better tone in the riskier assets. The greenback is quickly losing ground amidst month-end flows adjustments and despite US-China trade concerns remain well unabated and the global outlook continues to point to the downside. Later in the session, markets’ attention will be on the release of the US Consumer Confidence, housing data and regional manufacturing gauges. Earlier in the day, the German Consumer Climate rebounded from lows and came in at -18.9 for the month of June. EUR/JPY relevant levels At the moment the cross is gaining 0.48% at 117.87 and faces the next hurdle at 118.52 (monthly high May 21) followed by 119.03 (monthly high Apr.7) and finally 119.23 (200-day SMA). On the flip side, a drop below 116.99 (low May 22) would expose 115.44 (monthly low Apr.29) and then 114.39 (2020 low May 7). 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 Ripple Price Analysis: XRP/USD stalled below $0.2000, vulnerable to losses – Confluence Detector FX Street 3 years EUR/JPY advances to tops near 118.30 and recedes afterwards. Broad-based risk-on sentiment sustains the move up in the cross. US Consumer Confidence in centre stage later in the NA session. The generalized improved mood in the risk complex is bolstering the upside in EUR/JPY on Tuesday. EUR/JPY stronger on risk appetite EUR/JPY is advancing for the second session in a row on Tuesday, extending the bounce off recent lows in the 117.00 neighbourhood and always supported by the better tone in the riskier assets. The greenback is quickly losing ground amidst month-end flows adjustments and despite US-China trade concerns remain… 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.
