11 Jul 2013
EUR/JPY breaks below 130 but holds above 129
FXstreet.com (Barcelona) - The EUR/JPY foreign exchange cross rate is last quoted at 129.74, off recent session lows at 129.14, printed on the back of BoJ leaving monetary base policy unchanged.
EUR/JPY holding tight on Euro strength
The cross is up +0.69% since FOMC meeting minutes were released, topping at a double 130.44 high in early Tokyo trade, following massive Euro strength and USD weakness. Yen also strengthened across the board, but not as much as Euro, that is last trading at 1.3137 against the USD, dragging EUR/JPY higher with it.
EUR/JPY key technical levels
Immediate resistance to the upside for EUR/JPY shows at June 20 highs 129.92, followed by Monday's highs 130.20, and mentioned session highs at 130.44. To the downside, closest support lies at Monday's lows 129.40, followed by Tuesday's lows at 128.70, and July 03/05 lows at 128.60/55.
EUR/JPY holding tight on Euro strength
The cross is up +0.69% since FOMC meeting minutes were released, topping at a double 130.44 high in early Tokyo trade, following massive Euro strength and USD weakness. Yen also strengthened across the board, but not as much as Euro, that is last trading at 1.3137 against the USD, dragging EUR/JPY higher with it.
EUR/JPY key technical levels
Immediate resistance to the upside for EUR/JPY shows at June 20 highs 129.92, followed by Monday's highs 130.20, and mentioned session highs at 130.44. To the downside, closest support lies at Monday's lows 129.40, followed by Tuesday's lows at 128.70, and July 03/05 lows at 128.60/55.