EURJPY Exchange Rate

The services sector in Japan continued to expand in April, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 54.3.

The euro area private sector growth accelerated to an 11-month high in April driven by the service sector, final survey results from S&P Global showed on Monday. The HCOB composite output index rose to 51.7 in April from 50.3 in the previous month. The flash estimate was 51.4.

Eurozone investor confidence improved for the seventh straight month in May to hit the highest level since February 2022 as both current situation and expectations rose in small but steady steps, a closely watched survey showed on Monday. The investor confidence index posted -3.6 in May, the behavioral research institute Sentix reported. The score was forecast to improve moderately to -4.8.

The Japanese yen reversed from early gains against other major currencies in the Asian session on Monday, although the Japanese stock market is closed for Children's Day holiday on the day.

EUR/JPY rebounds off uptrend line; Price holds above SMAs; Oscillators indicate more bullish movements

EURJPY retraces lower following a 16-year peak ; Tests ascending trendline drawn from July 2023 ; Oscillators suggest weakening momentum

EUR/JPY creates bullish tendency in short- and long-term timeframes; RSI indicates potential downside retracement

EURJPY edges higher after 50-day SMA prevents decline ; Jumps back within its bullish channel in place since June ; Momentum indicators turn positive