16 Jul 2015
EUR/JPY steady despite Greek parliament Yes vote
FXStreet (Guatemala) - EUR/JPY is currently trading at 135.46 with a high of 135.86 and a low of 135.40.
EUR/JPY remains steady with little action around the Greek parliament vote, as expected, voting in favour of the reforms that will allow them a third bailout and to remain in the EZ. The Euro was a little higher on the vote but has since resumed the downside again while markets remain with the divergence theme between the Central Banks and ride Yellen's testimony that yet again backed timings for the 2015 rate hikes.
The Greek parliament vote has a European deadline time of 12pm today and the Yen could be favoured throughout the prevailing uncertainty. However, Nick Lawson and Gaël Gunubu analysts at Deutsche Bank AG explained that, "The IMF have again alluded to the impossibility of sustainability under the current and revised program. Only a significant write down or default will improve that dynamic."
Technically, 135.60 and 135.80 guard 136.10/40 and 137.00. Dips lower are indicated to find some support around 135.00 ahead of 133.57/10.
EUR/JPY remains steady with little action around the Greek parliament vote, as expected, voting in favour of the reforms that will allow them a third bailout and to remain in the EZ. The Euro was a little higher on the vote but has since resumed the downside again while markets remain with the divergence theme between the Central Banks and ride Yellen's testimony that yet again backed timings for the 2015 rate hikes.
The Greek parliament vote has a European deadline time of 12pm today and the Yen could be favoured throughout the prevailing uncertainty. However, Nick Lawson and Gaël Gunubu analysts at Deutsche Bank AG explained that, "The IMF have again alluded to the impossibility of sustainability under the current and revised program. Only a significant write down or default will improve that dynamic."
Technically, 135.60 and 135.80 guard 136.10/40 and 137.00. Dips lower are indicated to find some support around 135.00 ahead of 133.57/10.