18 Aug 2015
EUR/JPY: awaiting a catalyst between key levels
FXStreet (Guatemala) - EUR/JPY is currently trading at 137.81 with a high of 137.85 and a low of 137.76.
EUR/JPY has been trading soft in the overnight markets, following the offers from the end of last week's business from the vicinity of the 138.80 resistance zone. 138.40 has been the nearest resistance in the London session while since then we have been in a directly offered scenario with the Yen performing robustly across the board and despit, yesterday's GDP misses Q/Q for Q2 in Japan.
The calendar is non eventful today in Asia for the cross while the major variable may come in the Yuan fix again, although if yesterday's numbers are anything to go by, then we are looking pretty stable there and the Yen is unlikely to garner anything further without another devaluation. We will await the BoJ decision laster this week and US data events to take the lead for the euro and Yen through the greenback.
EUR/JPY levels
Critical support comes between the 137.35 late July high and the 200 day moving average at 136.91 guarding the 135.00 level and 133.30/10. Tot he upside, 138.80 comes as first ,amor resistance ahead of psychological 140.00.
EUR/JPY has been trading soft in the overnight markets, following the offers from the end of last week's business from the vicinity of the 138.80 resistance zone. 138.40 has been the nearest resistance in the London session while since then we have been in a directly offered scenario with the Yen performing robustly across the board and despit, yesterday's GDP misses Q/Q for Q2 in Japan.
The calendar is non eventful today in Asia for the cross while the major variable may come in the Yuan fix again, although if yesterday's numbers are anything to go by, then we are looking pretty stable there and the Yen is unlikely to garner anything further without another devaluation. We will await the BoJ decision laster this week and US data events to take the lead for the euro and Yen through the greenback.
EUR/JPY levels
Critical support comes between the 137.35 late July high and the 200 day moving average at 136.91 guarding the 135.00 level and 133.30/10. Tot he upside, 138.80 comes as first ,amor resistance ahead of psychological 140.00.