EUR/JPY Price Analysis: Bullish trend perseveres, bears confronts crucial SMA
The EUR/JPY pair currently trades at approximately 164.37, indicating a slight decrease.
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The EUR/JPY pair currently trades at approximately 164.37, indicating a slight decrease.
The continuation of the upward bias in the US Dollar (USD) did not prevent its Australian counterpart from regaining some balance and encouraged the AUD/USD to print decent gains beyond 0.6500 on Thursday.
Despite most investors maintaining a cautious stance ahead of what is bound to be an action-packed Wednesday with the release of fresh US inflation data, US stocks nudged higher in subdued trading.
A review of things you need to know before you sign off on Wednesday; no retail rate changes, no OCR change, more here on work visas, job ad levels ease, consumer card activity soft, swaps soft, NZD firm, & more
Cautious optimism ahead of crucial data releases swayed market sentiment across markets..