1 May 2015
EUR/JPY loses 135 handle
FXStreet (Mumbai) - EUR/JPY shed partial gains in the mid-European session, largely as the shared currency took a pause in its corrective mode versus the US dollar and eased-off highs near 1.13 barrier while USD/JPY remains elevated just shy of 120 mark after softer Japanese CPI print kept the yen in red.
EUR/JPY drops from 135.11
Currently, the EUR/JPY cross traded higher by 0.58% at 134.77 levels, having posted day’s high at 135.11 and day’s low at 133.96. The cross in EUR/JPY gave back partial gains as the shared currency was dragged down on a profit-taking slide after EUR/USD touched the 1.1280-1.13 resistance zone.
While most gains are retained mainly on yen weakness across the board with Japanese CPI figures added to the losses in yen versus the shared currency.
Meanwhile, traders now await US session for a flurry of macro data flow which may provide fresh cues on EUR/JPY.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 135 and above which it could extend gains to at 135.38 levels. To the downside immediate support might be located at 134 levels below that at 133.54 levels.
EUR/JPY drops from 135.11
Currently, the EUR/JPY cross traded higher by 0.58% at 134.77 levels, having posted day’s high at 135.11 and day’s low at 133.96. The cross in EUR/JPY gave back partial gains as the shared currency was dragged down on a profit-taking slide after EUR/USD touched the 1.1280-1.13 resistance zone.
While most gains are retained mainly on yen weakness across the board with Japanese CPI figures added to the losses in yen versus the shared currency.
Meanwhile, traders now await US session for a flurry of macro data flow which may provide fresh cues on EUR/JPY.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 135 and above which it could extend gains to at 135.38 levels. To the downside immediate support might be located at 134 levels below that at 133.54 levels.