18 Feb 2015
EUR/JPY edges lower after a non-event BOJ
FXStreet (Mumbai) - EUR/JPY remained in red during the mid-Asian session, largely as the yen remains relatively stronger versus the greenback after the BoJ kept its loose monetary policy stance intact.
EUR/JPY below 136 handle
Currently, the EUR/JPY pair traded lower by -0.18% at 135.83 levels, after dipping to fresh session lows at 135.70 levels in reaction to a steady BOJ policy announcement. The EUR/JPY edged lower largely on yen strength versus the US dollar after the BOJ made no changes in its qualitative and quantitative easing (QQE) program inflation consistently running below the bank's target rate. On the other hand, EUR/USD held steady awaiting fresh updates on the Greece front.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.07 and above which it could extend gains to at 136.28 levels. To the downside immediate support might be located at 135.12 levels below that at 134.77 levels.
EUR/JPY below 136 handle
Currently, the EUR/JPY pair traded lower by -0.18% at 135.83 levels, after dipping to fresh session lows at 135.70 levels in reaction to a steady BOJ policy announcement. The EUR/JPY edged lower largely on yen strength versus the US dollar after the BOJ made no changes in its qualitative and quantitative easing (QQE) program inflation consistently running below the bank's target rate. On the other hand, EUR/USD held steady awaiting fresh updates on the Greece front.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.07 and above which it could extend gains to at 136.28 levels. To the downside immediate support might be located at 135.12 levels below that at 134.77 levels.