EUR/JPY alternates gains with losses around 117.20. Steady US yields bolster the sideline trading in JPY. US Payrolls expected to come in at 145K in September. EUR/JPY is looking for direction in the area of multi-week lows around 117.20 on Friday ahead of key releases in the US calendar. EUR/JPY shifts the attention to US jobs After three consecutive daily pullbacks, the cross appears to have met some decent contention in the low-117.00s, coincident with new 4-week lows. Renewed and strong recession fears have been hitting the sentiment in the Greenback, in turn lending support to its rivals like EUR, GBP and JPY. By the same token, yields of the key US 10-year reference have dropped to levels last seen in early September in the vicinity of 1.52%, morphing into fresh oxygen to JPY-buying. Moving forward, the critical US Non-farm Payrolls for the month of September will be key in determining the direction of the risk appetite trends in the near term and can also shed further details regarding a probable contagion of the slowdown to the labour market. Closing the week, Fed’s J.Powell will speak at a ‘Fed Listens’ event. EUR/JPY relevant levels At the moment the cross is advancing 0.04% at 117.24 and faces the next hurdle at 118.55 (55-day SMA) seconded by 120.01 (monthly high Sep.13) and then 120.09 (100-day SMA). On the downside, a breach of 117.07 (monthly low Oct.3) would expose 116.56 (low Aug.26) and finally 115.86 (2019 low Sep.3). 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 Canada: Trade deficit likely to deteriorate to $1.50bn in August – TD Securities FX Street 3 years EUR/JPY alternates gains with losses around 117.20. Steady US yields bolster the sideline trading in JPY. US Payrolls expected to come in at 145K in September. EUR/JPY is looking for direction in the area of multi-week lows around 117.20 on Friday ahead of key releases in the US calendar. EUR/JPY shifts the attention to US jobs After three consecutive daily pullbacks, the cross appears to have met some decent contention in the low-117.00s, coincident with new 4-week lows. Renewed and strong recession fears have been hitting the sentiment in the Greenback, in turn lending support to its rivals like EUR,… 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.