Back
25 Nov 2013
EUR/JPY retraces from 138 cap
FXstreet.com (Barcelona) - Having jumped overnight to post a high at 138.01, EUR/JPY has since declined from resistance and is presently trading at 137.60, up 0.23% on the days trading.
EUR/JPY tested 138.00 on Kuroda commentary
EUR/JPY climbed sharply overnight following comments from the BoJ Governor Kuroda who reiterated that the central banks commitment to the 2% inflation target remained “very strong”. He added later that the bank remained flexible policy wise and willing to adapt in order to meet its target. More recently, the pair has weakened on seemingly contradictory commentary from Japanese FinMin Aso, who stated that officials were already starting to think about exit strategies from their super-loose monetary policy.
What are today’s key EUR/JPY levels?
The central pivot point is located at 136.8878 with supports below at 136.4207 (S1), 135.5518 (S2) and 135.0847
(S3) and resistance above at 137.7567 (R1), 138.2238 (R2) and 139.0927 (R3). Special attention should be paid to the price range 137.32-136.98 where several technical levels are confluent today.
EUR/JPY tested 138.00 on Kuroda commentary
EUR/JPY climbed sharply overnight following comments from the BoJ Governor Kuroda who reiterated that the central banks commitment to the 2% inflation target remained “very strong”. He added later that the bank remained flexible policy wise and willing to adapt in order to meet its target. More recently, the pair has weakened on seemingly contradictory commentary from Japanese FinMin Aso, who stated that officials were already starting to think about exit strategies from their super-loose monetary policy.
What are today’s key EUR/JPY levels?
The central pivot point is located at 136.8878 with supports below at 136.4207 (S1), 135.5518 (S2) and 135.0847
(S3) and resistance above at 137.7567 (R1), 138.2238 (R2) and 139.0927 (R3). Special attention should be paid to the price range 137.32-136.98 where several technical levels are confluent today.