EUR/JPY Hits Its Most Oversold Since 2024 on French Debt

USD/JPY technical analysis shows an intact long-term uptrend, while EUR/JPY sits at oversold extremes last seen in 2024 on French debt uncertainty. Razan Hilal, CMT, StoneX Media Market Analyst, walks through how Bank of Japan policy, euro weakness and the U.S. dollar index are shaping the yen crosses. The Bank of Japan's preference for gradual tightening, aimed at anchoring inflation near 2%, keeps the Japanese yen relatively weak and the USD/JPY uptrend channel in place since 2023 intact. That holds even as the U.S. dollar index shows reversal risk, while a move toward multi-decade highs in USD/JPY revives Bank of Japan intervention risk. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_razan_hilal&utm_content=share 00:00 - Slow BOJ, Weak Yen, Big Stakes 00:31 - USD/JPY Uptrend Shrugs Off DXY 01:13 - French Debt Drags Euro Down 01:42 - Intervention Alarm for USD/JPY 04:33 - EUR/JPY at 2024 Oversold Mark 06:20 - Upside Break Revives Yen Risk Like and subscribe for more financial market insights. #EURJPY #USDJPY #StoneX #RazanHilal --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social