EUR/JPY Hits Fifteen-Year High, 164.00 On Deck

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The EUR/JPY is trading into its highest bids since 2008, inches away from 164.00.

A rebound in broad market sentiment is sending safe havens firmly lower on Tuesday.

Up Next: Japan GDP in early Wednesday session.

The EUR/JPY has hit its highest prices since 2008, a fifteen-year high for the pair as the safe haven Japanese Yen (JPY) falls back against the Euro (EUR). A broad market recovery in  fueled by a worse-than-expected US Consumer Price Index (CPI) printing is giving investors renewed hopes that inflation could be receding faster than the Federal Reserve (Fed) expects, meaning the US central bank could be pushed towards rate cuts sooner than expected.Pan-EU Gross Domestic Product (GDP) printed exactly as expected early Tuesday, with the quarter-on-quarter figure coming in at -0.1%. The annualized number printed steady at 0.1%.The ZEW Economic Sentiment Survey for November improved appreciably, printing at 13.8 against October’s 2.3.The early Wednesday trading session sees Japanese  figures, and the QoQ figure is expected to decline from 1.2% to a -0.1% contraction.
 Japanese Yen price todayThe table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the New Zealand Dollar.

  USD EUR GBP CAD AUD JPY NZD CHF USD   -1.57% -1.68% -0.68% -1.86% -0.74% -1.96% -1.32% EUR 1.55%   -0.11% 0.88% -0.28% 0.82% -0.38% 0.25% GBP 1.65% 0.10%   0.98% -0.18% 0.92% -0.29% 0.36% CAD 0.66% -0.90% -1.01%   -1.18% -0.09% -1.29% -0.63% AUD 1.83% 0.27% 0.17% 1.16%   1.09% -0.11% 0.53% JPY 0.74% -0.82% -0.92% 0.07% -1.11%   -1.19% -0.57% NZD 1.93% 0.38% 0.28% 1.29% 0.12% 1.18%   0.62% CHF 1.30% -0.25% -0.36% 0.65% -0.52% 0.57% -0.64%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
 EUR/JPY Technical OutlookThe Euro has extended a rally against the Yen, closing in the green for nine of the past eleven consecutive trading days. The EUR/JPY is now set for a challenge of the 164.00 major handle.The EUR’s latest bull run has seen the pair climb further away from the 50-day Simple Moving Average (SMA) currently lifting from the 158.00 handle, while long-term support is coming from the 200-day SMA near 152.00, far below current price action.
 EUR/JPY Daily Chart

EUR/JPY Technical Level
EUR/JPY

OVERVIEW Today last price 163.63 Today Daily Change 1.38 Today Daily Change % 0.85 Today daily open 162.25 TRENDS Daily SMA20 159.74 Daily SMA50 158.47 Daily SMA100 157.78 Daily SMA200 152.27 LEVELS Previous Daily High 162.37 Previous Daily Low 161.54 Previous Weekly High 161.95 Previous Weekly Low 160.15 Previous Monthly High 160.85 Previous Monthly Low 154.39 Daily Fibonacci 38.2% 162.05 Daily Fibonacci 61.8% 161.85 Daily Pivot Point S1 161.73 Daily Pivot Point S2 161.22 Daily Pivot Point S3 160.9 Daily Pivot Point R1 162.56 Daily Pivot Point R2 162.88 Daily Pivot Point R3 163.39

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