Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
28 Aug 2019

EUR/JPY trades flat around 117.30, looks to trade

  • EUR/JPY looks consolidative today above the 117.00 handle.
  • Markets’ focus remains on the US-China trade front.
  • German GfK Consumer Climate came in at 9.7 in September.

The generalized sidelined theme in the broader markets leaves EUR/JPY to trade within an unusual narrow range around the 117.30 region.

EUR/JPY attention to trade, data

The cross is meandering the lower end of the recent range following yesterday’s moderate drop and is looking to put further distance from Monday’s new 2019 lows in the mid-116.00s.

The mood in the global markets appears to have entered an impasse mode amidst no progress in the US-China trade front and somewhat rising concerns on the inversion of the US 2y-10y yield curve.

In the docket, earlier in the session German Consumer Climate tracked by GfK came in a tad above estimates at 9.7 for the month of September, matching August’s reading. In the broader Euroland, M3 Money Supply expanded at an annualized 5.2%, surpassing forecasts.

EUR/JPY relevant levels

At the moment the cross is advancing 0.06% at 117.31 and faces the next up barrier at 118.31 (21-day SMA) followed by 119.87 (high Aug.6) and then 120.34 (55-day SMA). On the other hand, a breakdown of 116.56 (2019 low Aug.26) would open the door to 114.85 (2017 low Apr.17) and finally 113.71 (monthly low Nov.9 2016).

Aug 28, 2019

USD/JPY fluctuates in tight range below 106

The USD/JPY pair closed the previous day in the negative territory as falling US Treasury bond yields reminded investors of concerns over a recession
Read more Previous
Aug 28, 2019

UK's Corbyn: Appalled at recklessness of PM Johnson's government

Responding to Prime Minister Boris Johnson's plan to suspend parliament until October 14th, British opposition Labour Party's leader, Jeremy Corbyn, s
Read more Next