Mon, February 17, 2025

Forex Market: EUR/USD and USD/JPY Gain Momentum

Weekly Overview: Forex, Stocks, Crypto, Commodities

Forex Market: EUR/USD and USD/JPY Gain Momentum

In the fast-paced realm of forex trading, the currency markets have experienced notable momentum in recent times. This article presents a comprehensive analysis of the latest advancements in two major currency pairs, namely EUR/USD and USD/JPY, illuminating their trends and forthcoming economic indicators. Traders and investors carefully monitor these market dynamics as they endeavor to capitalize on favorable momentum and enhance their portfolios.

EUR/USD

After reaching monthly highs above 1.1000, the EUR/USD pair experienced a pullback, settling around the 1.0950 area. Despite the slight retreat, the overall trend remains bullish. However, it is worth noting that the pair has lost some of its earlier bullish momentum. Traders are now eagerly awaiting the release of the Eurozone HICP PMI, scheduled for Friday. These economic indicators will provide valuable insights into the region’s economic performance in June, potentially influencing the pair’s future trajectory.

USD/JPY: Rising Momentum Supported by Diverging Monetary Policies

USD/JPY has recently exhibited strength, surging above 143.00 and achieving its highest close since November. The Japanese Yen, in contrast, has weakened across the board. This depreciation can be attributed to higher government bond yields and the diverging monetary policy between Japan and the United States. Investors are closely monitoring Japan’s upcoming National Consumer Price Index report, which is set to be released on Friday. The Jibun Bank PMI figures will provide further insights into the nation’s economic performance. These indicators have the potential to impact the direction of USD/JPY.

In conclusion, the forex market has witnessed notable developments in the EUR/USD and USD/JPY currency pairs. While EUR/USD experienced a minor setback from its monthly highs, the overall bullish trend remains intact. Attention now turns to the Eurozone HICP PMI report, which will offer key insights into the region’s economic health. Conversely, USD/JPY has exhibited significant upward momentum, benefiting from diverging monetary policies.

YOU MAY ALSO LIKE

Число заявок на пособие по безработице в США сократилось на 2 000, что свидетельствует о стабильности рынка труда в условиях высоких ставок, а дальнейшие действия ФРС будут иметь решающее значение для экономической стабильности.

Quick Overview Unemployment Claims Dip: Jobless claims fell by 2,000 to 231,000,

Стерлинг достиг отметки $1,32: рост, риски и перспективы

Quick Look Sterling’s Surge: The British pound has surged to a 2.5-year

Доу Джонс вырос на 243 пункта, установив новый рекорд на отметке 41 335,05

Quick Overview Dow Jones Hits Record: The DJIA rose by 243.63 points,

COMMENTS

Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

BROKER NEWS