30 Jan 2015
EUR/JPY posts fresh session lows
FXStreet (Mumbai) - EUR/JPY surrendered previous gains and declined in the Asian morning, as the yen jumped back in to the bids after a brief retrieval seen in the previous session.
Shrugs off Japanese macro data
Currently, the EUR/JPY pair traded at 133.62 levels, down -0.22% on the day, close to fresh session lows at 133.59 levels posted few minutes ago. The cross in EUR/JPY declined largely on the yen strength as markets seem to have ignored bearish Japanese CPI and household spending data released earlier.
Moreover, the pair is likely to remain pressured ahead of the crucial Euro zone CPI and unemployment rate due for release later today.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134.12 and above which it could extend gains to at 134.40 levels. To the downside immediate support might be located at 133 levels below that at 132.56 levels.
Shrugs off Japanese macro data
Currently, the EUR/JPY pair traded at 133.62 levels, down -0.22% on the day, close to fresh session lows at 133.59 levels posted few minutes ago. The cross in EUR/JPY declined largely on the yen strength as markets seem to have ignored bearish Japanese CPI and household spending data released earlier.
Moreover, the pair is likely to remain pressured ahead of the crucial Euro zone CPI and unemployment rate due for release later today.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134.12 and above which it could extend gains to at 134.40 levels. To the downside immediate support might be located at 133 levels below that at 132.56 levels.