Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
EUR/JPY chart on Trading View used for analysis
- EUR/JPY trades weaker for the 5th straight session, intraday bias bearish.
- The ECB meeting left no room for surprises on Thursday, while the Governing Council reiterated the positive view of the economic conditions in the region.
- The central bank showed optimism that inflation should reach the bank’s target over the medium term.
- Developments in Italy likely to drive the pair’s price action. Today, credit rating agency S&P is expected to publish its report on the country.
- Technical studies support weakness in the pair. Momentum with the bears.
- The pair has broken below 61.8% Fib and is on track to test 78.6% Fib at 126.44.
- Immediate resistance is seen at 5-DMA at 128.30. Break above cloud see upside resumption.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-Euro-weakens-across-the-board-after-dismal-PMI-data-stay-short-EUR-JPY-target-618-Fib-1447982) is approaching TP2.
Recommendation: Stay short for further downside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
