EURJPY is alternating gains with losses in the 118.00 neighbourhood in the second half of the week.
The increasing demand for the Japanese safe haven is sending EURJPY to the mid-117.00s, recording fresh yearly lows at the same time in levels last traded
The sidelined performance in both the Japanese safe haven and the European currency is prompting EURJPY pair to follow suit, exchanging up and downs around 121.00.
EURJPY price managed to climb to fresh tops beyond 121.00 the figure earlier in the session, although subsequent JPY strength triggered a correction lower to the current 121.00 neighbourhood.
Weak Japanese manufacturing data has weighed on the Yen, thus making ADS Securities' team of analysts agree on Bullish EURJPY above 119.00.
As ECB officials warn the investors' community to get ready for higher interest rates, ADS Securities' analysts eye a Bearish EURJPY below 117.70.
EURJPY faces selling pressure, with EUR depreciating to near its November 2016 low at 118.10 against the Yen two days ago, ADS Securities' analysts report.
ADS Securities' team of analysts takes a bearish stance on the Yuppy, as US Syria attack weighs on EURJPY. What is your forecast?
Yuppy has been trading with a bearish trend in te last few sessions. Now, ADS Securities' EURJPY forecast amid ECB pressures stays on the positive side.
EURJPY trading during geopolitical tensions appears to be on the downside, as the safe-haven demand for JPY is on the rise, according to ADS Securities.