18 Feb 2015
EUR/JPY: Caught up on EUR/USD ahead of FOMC
FXStreet (Guatemala) - EUR/JPY is currently trading at 135.33 with a high of 136.16 and a low of 135.10.
EUR/JPY is tailing off down to test the 135.20 support having sunk below the 136 handle in Asia and early european trade overnight. The cross is indecisive of its direction, led by the EUR/USD and the on going headlines out of the eurozone in the main, that is until of course the FOMC minutes start to dominate the picture in today's US session. Meanwhile, things are looking as though Greece are holding out, laying the game, until the 11th hour and markets are pricing this into the euro currently.
Karen Jones, chief analyst at Commerzbank explained that conditions in the cross have not changed and in the short term, the technicals point to a bearish scenario in the overall bullish medium term looking trend but only until 200 day moving average at 139.46.
EUR/JPY is tailing off down to test the 135.20 support having sunk below the 136 handle in Asia and early european trade overnight. The cross is indecisive of its direction, led by the EUR/USD and the on going headlines out of the eurozone in the main, that is until of course the FOMC minutes start to dominate the picture in today's US session. Meanwhile, things are looking as though Greece are holding out, laying the game, until the 11th hour and markets are pricing this into the euro currently.
Karen Jones, chief analyst at Commerzbank explained that conditions in the cross have not changed and in the short term, the technicals point to a bearish scenario in the overall bullish medium term looking trend but only until 200 day moving average at 139.46.