EUR/JPY Price Analysis: Gains momentum after Fed minutes release, traders eye 163.00
Source Fxstreet
- EUR/JPY ascends to 162.47, marking a continuous rise influenced by recent Fed monetary policy insights.
- Technical analysis points to key resistance levels, with 163.00 and 163.72 as immediate targets.
- Potential pullback could see support tests at 161.48 and 160.91, depending on market dynamics.
The Euro extended its gains for the second straight day against the Japanese Yen and is up by 0.22% as the EUR/JPY trades at 162.47 late during the North American session.
The release of the latest Federal Reserve (Fed) minutes sponsored a leg-up in the EUR/JPY as the EUR/USD edged slightly up. From a technical standpoint, the pair is trading at year-to-date (YTD) highs, aiming to extend its gains. The first resistance would be the 163.00 figure, followed by the November 27 high at 163.72. A further upside is seen at 164.00, followed by last year’s high at 164.31.
On the flip side, if the pair drops below 162.00, that would pave the way to test the Tenkan-Sen at 161.48 before slumping toward the Senkou Span A at 160.91.
EUR/JPY Price Action – Daily Chart
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on Thursday (November 5), gold prices (XAUUSD) extended yesterday's strong rebound, standing above $4,100 intraday today and reaching a high of $4,138.06, up more
NAB's 13% profit fall was mostly accounting — the bad-debt line wasn'tNAB's full-year cash earnings fell 13% to A$6.1bn, about 4% below Macquarie's forecast. A A$1.3bn software amortisation charge did most of that; excluding it, earnings were flat at A$7.1bn and the dividend was held at A$1.70. The shares fell as much as 7.9% to A$37.91 before trading 6.19% lower at A$38.62 in Sydney.
NAB's full-year cash earnings fell 13% to A$6.1bn, about 4% below Macquarie's forecast. A A$1.3bn software amortisation charge did most of that; excluding it, earnings were flat at A$7.1bn and the dividend was held at A$1.70. The shares fell as much as 7.9% to A$37.91 before trading 6.19% lower at A$38.62 in Sydney.
The Dow's 1,569-point day was a rotation, not a breakoutThe Dow jumped 1,569.40 points (+3.03%) to 53,356.12 — its best post-midterm session in 44 years — while the Nasdaq Composite added just 1.44%. Equal-weight S&P versus the Nasdaq 100 had already gapped 14 points before the vote, a 99th-percentile divergence. The index is still 2.54% below its August high.
The Dow jumped 1,569.40 points (+3.03%) to 53,356.12 — its best post-midterm session in 44 years — while the Nasdaq Composite added just 1.44%. Equal-weight S&P versus the Nasdaq 100 had already gapped 14 points before the vote, a 99th-percentile divergence. The index is still 2.54% below its August high.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 5, 2026. Read on for the details.
WTI struggles below $87.50 as Democrats seek end to Iran war after midterm sweepWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – remains depressed for the second straight day on Thursday, trading just below mid-$87.00s during the Asian session and close to a near one-month low touched the previous day.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – remains depressed for the second straight day on Thursday, trading just below mid-$87.00s during the Asian session and close to a near one-month low touched the previous day.
Related Instrument
