Wall Street Analysts Weigh in on Latest NFP Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
NZDJPY Bulls in Control: Buy-the-Dip Setup Points to 96 Target 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
FxWirePro-Major European Indices 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
EUR/JPY Powers Higher for 2nd Day — Bulls Charge Toward 187+ Breakout 
USD/CHF Pauses After 200-Pip Rally — Buy Dips Near 0.775, Target 0.790 
AUDJPY Smashes 30-Month Peak — Buy the Dip, 112 in Sight 
EUR/JPY chart on Trading View used for analysis
- EUR/JPY attempts recovery from fresh November lows at 127.50, bias remains bearish.
- Italy draft budget expected Tuesday but the Italian government remains adamant on deficit.
- This may continue to weigh on the euro as Italian yields remain elevated and spread over German Bunds sits at 2013 levels.
- Technical studies on daily charts are bearish. Stochs have rollover from overbought levels.
- RSI is below 50 and biased lower and MACD is on verge of bearish crossover on signal line.
- Price has broken below 61.8% Fib at 127.87 and is currently attempting minor recovery. But upside lacks traction.
- 1H 20-SMA is strong resistance at 127.98. Decisive break above could see further gains. We see bearish invalidation only above 200-DMA.
Support levels - 127.57 (Oct 26 low), 126.44 (78.6% Fib). 126
Resistance levels - 128, 128.65 (20-DMA), 129 (cloud base)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-EUR-JPY-rejected-at-200-DMA-good-to-go-short-on-break-below-20-DMA-1456070) is approaching final target.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
