Daily Market Analysis 20|04|2021: EURJPYApril 20, 2021 2021-04-20 13:21
Daily Market Analysis 20|04|2021: EURJPY
Buy position is envisaged if price trades above 130.716 with take profit at 130.848.
Sell position is envisaged if price trades below 130.488 with take profit at 130.356
No major fundamental.
Comment: The persistent sell-off in the greenback gave extra strength to the The increased buying pressure around the Japanese yen weighs on EUR/JPY and keeps it within the usual rangebound theme around the 130.00 level. However, steady/declining US yields added to the buying sentiment around the Japanese safe haven, all rendering into further consolidation around the cross and undermining the EUR-led upside potential.