Selling Euro / Buying Yen

I think that the ‘fat part’ of the Euro advance against the Yen has been seen.

Today’s price is 157.26

Not to be relied on in isolation but this study below shows the percentages which EUR/JPY is trading above its 200 week moving average……and when combined some other studies, it increases the probability of my belief.

Beyond your standard FX trade (currency conversion) this also means European customers and buyers of Japanese parts, components and product should order and pay for their Japanese products ‘tout suite’.

They should be at their cheapest prices seen in the past 3 years, even when considering Japan’s inflation rate of a ‘mere’ 3.2%.

June 30, 2023

by Rob Zdravevski

Karri Asset Advisors

rob@karriaseet.com.au