Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Long-term review

EUR/JPY has been very bullish in nature after the break above the 125.80 resistance level last week. Due to the hawkish comment of the ECB President Draghi on his last speech due to global economic boom, EUR is currently quite powerful against JPY. JPY has been suffering a lot recently due to bad economic data which did affected the gain of the JPY against all other currencies in the market. Today JPY Monetary Base report was published with a worse figure at 17.0% which previously was at 19.4% and today it was expected to be at 19.2% but Bank of Japan Core CPI report did somehow met the expectation today at 0.3% which previously was at 0.2%. On the EUR side, today Spanish Unemployment Change was negative at -98.3k from the previous value of -111.9k which was expected to increase to -120.3k. Although the report is considered as a lagging indicator of the economy but the number of unemployed people is an important signal of the economic health because consumer spending is highly correlated with labor-market conditions, so as a result the negative result of the report is expected to make EUR much weaker in the coming days. Along with it, today EUR PPI report was also published which also showed negative result at -0.4% which was expected to be at -0.2% from the previous value of 0.0%. Today EUR is quite weaker in comparison to JPY by considering the economic reports and as one of the leading economic indicator of EUR has come out negative, JPY is expected to gain currently against EUR on the short-term basis.

Now let us look at the technical view, the price has shown a good amount of impulsive bullish movement after breaking above the 125.80 resistance level and way above the dynamic level of 20 EMA which signals upcoming retracement in this pair. Currently, the price is expected to move down to 20 EMA or support level of 125.80 before price proceeds its move further upward with a target towards 132.20 resistance level. The bullish bias will continue further until price breaks below 125.80 with a daily close.

Exchange Rates 04.07.2017 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by InstaForex Analyst,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Widget calback
Our specialist
will call you back
in five minutes
We will navigate you
through the website and
answer all your questions!
Preferred Type of Connection
Preferred language
  • English
  • Русский
  • العربية
  • Bahasa Indonesia
  • Bahasa Melayu
  • বাংলা
  • Български
  • 中文
  • Español
  • हिन्दी
  • Asụsụ Igbo
  • Português
  • اردو
  • ไทย
  • Українська
  • Tiếng Việt
  • Èdè Yorùbá
A call-back request was accepted.
Our specialists will contact you as soon as possible.
An error occurred.
Please try again later.
Can't speak right now?
Ask your question in the chat.