Read more
10:22 AM · 20 December 2022

Chart of the day - EURJPY (20.12.2022)

Bank of Japan surprised markets today with a decision to widen the band around target 10-year yield from 25 basis points to 50 basis points. While interest rates were left unchanged, the decision to revamp yield curve control tool can be seen as very hawkish as it effectively equals a rate hike of up to 25 bp (given that BoJ kept intervening at the upper band). Japanese yen strengthened significantly in response with USDJPY, EURJPY and GBPJPY all dropping 3% at one point.

Taking a look at EURJPY chart at D1 interval, we can see that the pair dived today and broke below the support zone ranging around 200-session moving average and 50% retracement of the upward impulse launched in August 2022. A key support to watch now is psychological 140.00 level, that is additionally strengthened by the lower limit of the Overbalance structure. A break below would, at least in theory, signal a bearish trend reversal and a potential for a deeper drop.

Source: xStation5

13 April 2026, 8:06 AM

The End of the Orban Era: Hungary Chooses Europe. What Does the Shift Mean for the Forint and the Region?

13 April 2026, 6:33 AM

Morning Wrap: The Blockade of the Strait of Hormuz and the Political Revolution in Hungary⚖️

10 April 2026, 5:38 PM

Three Markets to Watch in the Week Ahead (10.04.2026)

10 April 2026, 1:33 PM

BREAKING: US CPI higher, but below expectations! 🚨

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits