30 Apr 2015
EUR/JPY wavers above 133
FXStreet (Mumbai) - EUR/JPY shaved-off nearly half its upsurge in the mid-European session, largely as the shared currency took a breather in its rally versus the US dollar and eased-off 1.12 barrier while USD/JPY remains muted below 119.
EUR/JPY drops from 133.40
Currently, the EUR/JPY cross traded higher by 0.49% at 133.08 levels, retreating from midpoint on 133 handle post data. The cross in EUR/JPY erased partial gains as the shared currency was dragged down by mixed EMU data with unemployment rate missing estimates while EZ CPI data print coming out a touch better.
On the other handle, the yen remains modestly flat versus the US dollar as traders continue to digest today’s BOJ’s monetary policy statement.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 133.73 and above which it could extend gains to at 134 levels. To the downside immediate support might be located at 132.50 levels below that at 130.85 levels.
EUR/JPY drops from 133.40
Currently, the EUR/JPY cross traded higher by 0.49% at 133.08 levels, retreating from midpoint on 133 handle post data. The cross in EUR/JPY erased partial gains as the shared currency was dragged down by mixed EMU data with unemployment rate missing estimates while EZ CPI data print coming out a touch better.
On the other handle, the yen remains modestly flat versus the US dollar as traders continue to digest today’s BOJ’s monetary policy statement.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 133.73 and above which it could extend gains to at 134 levels. To the downside immediate support might be located at 132.50 levels below that at 130.85 levels.