20 Feb 2015
EUR/JPY falls amid risk-off trades, Greece concerns in focus
FXStreet (Mumbai) - EUR/JPY stays below 135 in the mid-European session, recovering from fresh session lows as the euro remains pressured across the board as political uncertainty about Greece weighs on market sentiments.
EUR/JPY rises from 135.35 levels
Currently, the EUR/JPY pair traded lower by -0.42% on the day at 134.66 levels, after posting fresh session lows at 134.10 levels. The EUR/JPY plunged as traders are wary over whether the Euro group and Greece will reach a solution with regards to Greek debt extension. Moreover, the rising concerns in the markets over Greek issue is increasing the safe haven demand for the yen, dragging the cross lower.
At the moment, USD/JPY trades lower by -0.18% at 118.72 levels, while EUR/USD declines by -0.23% at 1.1340 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 135.34 and above which it could extend gains to at 135.94 levels. To the downside immediate support might be located at 134 levels below that at 133.63 levels
EUR/JPY rises from 135.35 levels
Currently, the EUR/JPY pair traded lower by -0.42% on the day at 134.66 levels, after posting fresh session lows at 134.10 levels. The EUR/JPY plunged as traders are wary over whether the Euro group and Greece will reach a solution with regards to Greek debt extension. Moreover, the rising concerns in the markets over Greek issue is increasing the safe haven demand for the yen, dragging the cross lower.
At the moment, USD/JPY trades lower by -0.18% at 118.72 levels, while EUR/USD declines by -0.23% at 1.1340 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 135.34 and above which it could extend gains to at 135.94 levels. To the downside immediate support might be located at 134 levels below that at 133.63 levels