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26 Oct 2022

EUR/JPY Price Analysis: Extra gains remain on the cards

EUR/JPY adds to the weekly recovery beyond the 147.00 mark.
Next on the upside for the cross comes the 2022 high at 148.40.

EUR/JPY extends the corrective uptrend for the third session in a row and looks to consolidative above the 147.00 mark on Wednesday.

Considering the current price action in the cross, the door still looks open to extra upside. That said, the immediate target now emerges at the 2022 high at 148.40 (October 21) prior to the December 2014 top at 149.78 (December 8).

In the short term the upside momentum is expected to persist while above the October lows near 141.00.

In the longer run, while above the key 200-day SMA at 137.10.

EUR/JPY daily chart

Oct 26, 2022

Singapore: Core inflation kept the uptrend unchanged – UOB

Senior Economist at UOB Group Alvin Liew and Senior FX Strategist Peter Chia review the latest publication of inflation data in Singapore. Key Takeawa

USD/CHF keeps the red below 0.9900 mark amid broad-based USD weakness

The USD/CHF pair remains under some selling pressure for the second successive day on Wednesday and retreats further from its highest level since May