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EUR/JPY Price Analysis: Decline is challenging the 200-day SMA

  • EUR/JPY eroded past gains and is now flirting with the 200-day SMA.
  • Interim support emerges at the 21-day SMA just above 120.00.

Following three consecutive sessions with gains, EUR/JPY has now come under selling pressure and is testing the 120.40 region, where sits the critical 200-day SMA.

If sellers intensify their will, then the 21-day SMA in the 120.00 neighbourhood should come into focus.

Further south, there are no relevant contention until yearly lows in the 118.50 zone.

EUR/JPY daily chart

 

USD/JPY Price Analysis: Flirting with daily lows near 111.25-20 region, 100-hour SMA

The USD/JPY pair failed to capitalize on its intraday positive move, rather met with some fresh supply near the 111.65-70 region and has now retreated
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PBoC to launch new policies to counter the impact of coronavirus outbreak

The People's Bank of China (PBoC) announced that it will launch new policies in an appropriate time to counter the impact of the coronavirus outbreak
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