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15 Jan 2015
EUR/JPY in 3-month lows
FXStreet (Edinburgh) - EUR/JPY is retreating more than 2% to trade in levels last seen in late October 2014 around 135.45/40.
EUR/JPY dragged by euro
The offered tone around the single currency and quite a firm demand for the Japanese yen would be behind the current decline to multi-month lows, fully retracing the upside sparked last October. Next events to consider on Friday will be the Tertiary Industry Index in Japan and Germany/EMU’s inflation figures in the euro area.
EUR/JPY significant levels
At the moment the cross is retreating 2.11% at 135.31 with the next support at 135.00 (psychological level) ahead of 134.15 (low Oct.16 2014) and then 134.12 (low Nov.20 2013). On the upside, a break above 137.02 (low Jan.14) would expose 138.78 (high Jan.15) and finally 138.88 (high Jan.14).
EUR/JPY dragged by euro
The offered tone around the single currency and quite a firm demand for the Japanese yen would be behind the current decline to multi-month lows, fully retracing the upside sparked last October. Next events to consider on Friday will be the Tertiary Industry Index in Japan and Germany/EMU’s inflation figures in the euro area.
EUR/JPY significant levels
At the moment the cross is retreating 2.11% at 135.31 with the next support at 135.00 (psychological level) ahead of 134.15 (low Oct.16 2014) and then 134.12 (low Nov.20 2013). On the upside, a break above 137.02 (low Jan.14) would expose 138.78 (high Jan.15) and finally 138.88 (high Jan.14).