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Jun 04 - 06:55 AM

EUR/JPY - Seasonal Data Points To EUR/JPY Having A Positive June

By Martin Miller  —  Jun 04 - 04:57 AM

June 4 (Reuters) - History shows that the euro usually climbs against the yen in June and this trend will likely persist in 2025.

EUR/JPY's seasonal performance for each June since 2000 shows it has posted a positive return in 17 of the last 25 years, or 68% of the time. However seasonality needs to be combined with other factors for it to be a useful tool.

EUR/JPY has lacked clear direction since mid-March. However, the overall technical outlook remains bullish as trading persists above the thick daily cloud that currently spans the 159.49-161.80 region.

A near-term break above the May 29, 164.26 high would unmask this year's 165.20 peak for a probe and increase the likelihood that this currency pair will end June in positive territory. Conversely, a break under Tuesday's 162.80 low would be a negative sign. Related comment.

See [FXBUZ] for more

Seasonality Chart:


Daily Chart:


(Martin Miller is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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