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22 Jan 2015
EUR/JPY down 1.41% on the day so far
FXStreet (Guatemala) - EUR/JPY is currently trading at 135.60 with a high of 137.34 and a low of 134.27, down 1.41% on the day so far.
EUR/JPY has been on the offer on the back of the ECB moves today. The ECB has scored a low of 134.28, shy of the 134.14 lows of October 15. The ECB today introduced their plans to commence sovereign QE to an extent more than what had been anticipated with the leaks along the recent news wires yesterday. Instead, we got a package of 60B EUR monthly until September 2016 starting in March.
The Yen has benefited upon the markets nervousness around the EZ's outlook while the Euro was dumped and analysts are now lowering their outlook and forecasts for the Euro on a longer time frame to as low as 1.09 vs the greenback. The outlook for EUR/JPY is bringing in 133.77 as initial target to the downside before revealing the psychological 132 handle.
EUR/JPY has been on the offer on the back of the ECB moves today. The ECB has scored a low of 134.28, shy of the 134.14 lows of October 15. The ECB today introduced their plans to commence sovereign QE to an extent more than what had been anticipated with the leaks along the recent news wires yesterday. Instead, we got a package of 60B EUR monthly until September 2016 starting in March.
The Yen has benefited upon the markets nervousness around the EZ's outlook while the Euro was dumped and analysts are now lowering their outlook and forecasts for the Euro on a longer time frame to as low as 1.09 vs the greenback. The outlook for EUR/JPY is bringing in 133.77 as initial target to the downside before revealing the psychological 132 handle.