{"id":56010,"date":"2021-12-02T01:37:50","date_gmt":"2021-12-01T21:37:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=56010"},"modified":"2021-12-02T01:38:45","modified_gmt":"2021-12-01T21:38:45","slug":"wall-street-pulls-eur-jpy-back","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wall-street-pulls-eur-jpy-back\/12\/02\/market-updates\/","title":{"rendered":"Omicron Pulls EUR\/JPY Back"},"content":{"rendered":"\n<p>Appetite for safe-haven assets has picked up in recent trade amid a deterioration in US shares due to retreating market sentiment.<br><br>EUR\/JPY has been tilting lower and looks for direction to end the day with losses of about 0.5%. The first Omicron Covid-19 infection has identified in America and, shares reacted immediately as the S&amp;P 500 is now down over 0.5% on the day having been nearly 2.0% higher in pre-market trade.<br><br>EUR\/JPY dropped from earlier session highs above 128.50 back to just above weekly lows at 127.50. When it topped out earlier in the session above 128.50, EUR\/JPY seemed to find resistance at a long-term downtrend that has been capping the price action since early November. <br><br>If support around 127.50 does go, the pair would slip to its lowest levels since February, which could pave the way to a run lower towards 125.00, the next area of significant support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Appetite for safe-haven assets has picked up in recent trade amid a deterioration in US shares due to retreating market sentiment.EUR\/JPY has been tilting lower and looks for direction to end the day with losses of about 0.5%. The first Omicron Covid-19 infection has identified in America and, shares reacted immediately as the S&amp;P 500 &hellip;<\/p>\n","protected":false},"author":13,"featured_media":56014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8188,6928,8166,7442,7167],"class_list":["post-56010","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eur-jpy","tag-euro","tag-omicron","tag-us-shares","tag-yen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=56010"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56010\/revisions"}],"predecessor-version":[{"id":56017,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56010\/revisions\/56017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/56014"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=56010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=56010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=56010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}