Eur jpy news now

Here are the latest news and updates on the EUR/JPY currency pair:

Current Market Situation:

• EUR/JPY is currently trading at 134.45, up 0.15% from the previous close.
• The pair has been range-bound for the past few days, with prices oscillating between 133.50 and 134.80.

News and Events:

• ECB Meeting Minutes: The European Central Bank (ECB) released the minutes from its latest monetary policy meeting, which showed that policymakers were divided on the need for further rate cuts. The minutes also highlighted concerns about the impact of trade tensions on the eurozone economy.
• Japanese GDP: Japan's gross domestic product (GDP) data for the first quarter is due to be released later today. Economists expect the economy to have contracted by 0.2% on a quarterly basis, following a 0.4% contraction in the previous quarter.
• US-China Trade Talks: The US and China are set to resume trade talks today, with both sides looking to make progress on a trade deal. A breakthrough could boost market sentiment and support the euro, while a failure to reach an agreement could lead to increased volatility.

Technical Analysis:

• The EUR/JPY pair is trading above its 50-day moving average, which is currently at 133.20.
• The RSI is at 55.50, indicating that the pair is neither overbought nor oversold.
• The MACD is bullish, with a signal line crossover indicating a potential buy signal.

Trading Recommendations:

• Buy: Consider buying the EUR/JPY pair if it breaks above the 134.80 level, with a target at 135.50.
• Sell: Consider selling the pair if it breaks below the 133.50 level, with a target at 132.50.

Please note that these are just general trading recommendations and should not be taken as personalized investment advice. It's always important to do your own research and consider your own risk tolerance before making any trading decisions.