{"id":261818,"date":"2024-03-09T06:05:23","date_gmt":"2024-03-09T00:35:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=261818"},"modified":"2024-03-09T06:05:23","modified_gmt":"2024-03-09T00:35:23","slug":"slips-below-161-00-on-bojs-hike-speculation-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/slips-below-161-00-on-bojs-hike-speculation-crypto-news\/","title":{"rendered":"Slips below 161.00 on BoJ\u2019s hike speculation &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>EUR\/JPY falls to 160.86, reacting to rumors of Bank of Japan possibly ending negative interest rates.<\/strong><\/li>\n<li><strong>Technical analysis indicates potential for further pullback if pair closes below the 161.31 Kijun-Sen level.<\/strong><\/li>\n<li><strong>Recovery above 161.00 could signal a rebound towards the 162.00 mark, with eyes on the March 7 high.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/JPY dives for the second consecutive day, losing 0.64% in early trading during the North American session. Rumors that the Bank of Japan (BoJ) could end negative rates are growing, hence sponsoring a leg-up in the Japanese Yen (JPY) against most G7 currencies. At the time of writing, the pair exchanges hands at 160.86.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Price Analysis: Technical outlook<\/h2>\n<p>Despite posting a three-week low, the EUR\/JPY is slightly tilted to the upside. Nevertheless, if sellers achieve a daily close below the Kijun-Sen at 161.31, that could pave the way for a deeper pullback. The next support would be the 160.00 psychological figures, followed by the Senkou Span B at 159.39 and the top of the Ichimoku Cloud (Kumo) at around 159.00\/15.<\/p>\n<p>On the other hand, if buyers lift the exchange rate above 161.00 and reclaim the Kijun-Sen, a leg-up toward 162.00 is on the cards. Once cleared, look for a test of the March 7 high at 162.81.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Price Action \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638455046818847328.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/JPY falls to 160.86, reacting to rumors of Bank of Japan possibly ending negative interest rates. Technical analysis indicates potential for further pullback if pair closes below the 161.31 Kijun-Sen level. Recovery above 161.00 could signal a rebound towards the 162.00 mark, with eyes on the March 7 high. The EUR\/JPY dives for the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,951,255,250,252,247,253,249,308,256,254],"class_list":["post-261818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-eurjpy","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=261818"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261818\/revisions"}],"predecessor-version":[{"id":261819,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261818\/revisions\/261819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6741"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=261818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=261818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=261818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}