10 Mar 2015
EUR/JPY tumbles toward 130.00
FXStreet (Córdoba) - EUR/JPY dropped back below 131.00 and tumbled toward 130.00. So far the pair bottomed at 130.34, the lowest in 6 weeks.
The recent slide was boosted by a rally of the yen across the board. While EUR/USD remained around daily lows, USD/JPY reversed sharply from 122.00 and dropped to 121.25.
EUR/JPY eyes 2015 lows
During January the euro dropped to 130.06 against the yen, reaching a 1-year low. Afterwards price rebounded recovering ground and rose to 136.80. But since the beginning of March EUR/JPY has been falling quickly. From the level it has a week ago is trading almost 400 pips lower. If it drops below 130.05, it would be trading at the lowest since August 2013.
The recent slide was boosted by a rally of the yen across the board. While EUR/USD remained around daily lows, USD/JPY reversed sharply from 122.00 and dropped to 121.25.
EUR/JPY eyes 2015 lows
During January the euro dropped to 130.06 against the yen, reaching a 1-year low. Afterwards price rebounded recovering ground and rose to 136.80. But since the beginning of March EUR/JPY has been falling quickly. From the level it has a week ago is trading almost 400 pips lower. If it drops below 130.05, it would be trading at the lowest since August 2013.