EUR/JPY pushes higher and surpasses the 126.00 mark. The softer greenback lends support to the euro on Tuesday. ECB, BoJ remains the salient events later this week. The improved sentiment surrounding the single currency motivates EUR/JPY to partially reverse the recent sharp leg lower and reclaim the key 126.00 mark and beyond. EUR/JPY now targets the YTD tops at 127.50 EUR/JPY halts a 7-day negative streak after being rejected from so far yearly tops in the mid-127.00s earlier in the month. Tuesday’s correction lower in the greenback lends fresh oxygen to the single currency so far and helps the cross to bounce off Mondays’ 2021 lows just above 125.00 the figure. Indeed, while US markets resume the normal activity after Monday’s MLK Day holiday, the dollar looks offered amidst a consolidative mood in yields of the US 10-year reference just below the 1.12% yardstick. Earlier in the euro docket, the ZEW Survey showed the Economic Sentiment in both Germany and the broader Euroland improved to 61.8 and 58.3, respectively, for the current month. Across the pond, the only release will be the TIC Flows for the month of November. Later in the week, all the attention will be on the ECB and BoJ monetary policy meetings. EUR/JPY relevant levels At the moment the cross is gaining 0.77 at 126.15 and faces the next up barrier at 127.49 (2021 high Jan.7) followed by 130.18 (monthly high Nov.7 2018) and then 133.13 (monthly high Sep.21 2018). On the other hand, a drop below 125.08 (2021 low Jan.18) would aim for 124.75 (100-day SMA) and finally 124.55 (50% Fibo of the November-January rally). 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 Tezos Price Prediction: XTZ on track to $5 despite stiff resistance ahead FX Street 2 years EUR/JPY pushes higher and surpasses the 126.00 mark. The softer greenback lends support to the euro on Tuesday. ECB, BoJ remains the salient events later this week. The improved sentiment surrounding the single currency motivates EUR/JPY to partially reverse the recent sharp leg lower and reclaim the key 126.00 mark and beyond. EUR/JPY now targets the YTD tops at 127.50 EUR/JPY halts a 7-day negative streak after being rejected from so far yearly tops in the mid-127.00s earlier in the month. Tuesday’s correction lower in the greenback lends fresh oxygen to the single currency so far and helps the cross… 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.
