22 Dec 2014
EUR/JPY gains before BOJ Monthly Report
FXStreet (Mumbai) - The single climbed higher against the Japanese counterpart as the yen remains steady against the US dollar just before Bank of Japan’s (BOJ) Monthly Report of Recent Economic and Financial Developments.
Currently, the EUR/JPY pair trade at 146.31, up 0.16%, near day’s high of 146.36 hit some minutes ago. The Euro continued to trade higher against the yen, as the common currency gained ground today, recovering from two-year low levels against the US dollar.
The Japanese yen remains pressured against the Euro before BOJ’s Monthly Report release which contains statistical data that the BOJ Policy Board members evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions from the bank's viewpoint.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 146.81 (Dec 17 High) and above which it could extend gains to 147 levels. To the downside, immediate support might be located at 145.90 (Dec 19 Low) and below that at 145.30 levels.
Currently, the EUR/JPY pair trade at 146.31, up 0.16%, near day’s high of 146.36 hit some minutes ago. The Euro continued to trade higher against the yen, as the common currency gained ground today, recovering from two-year low levels against the US dollar.
The Japanese yen remains pressured against the Euro before BOJ’s Monthly Report release which contains statistical data that the BOJ Policy Board members evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions from the bank's viewpoint.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 146.81 (Dec 17 High) and above which it could extend gains to 147 levels. To the downside, immediate support might be located at 145.90 (Dec 19 Low) and below that at 145.30 levels.