15 Sep 2015
EUR/JPY drops further, focus on 135.00
FXStreet (Edinburgh) - The Japanese yen continues to gather traction on Tuesday, now dragging EUR/JPY to session lows in the vicinity of the 135.00 handle.
EUR/JPY lower on Kuroda, eyes on ZEW
The cross has depreciated further after BoJ’s H.Kuroda reiterated that domestic prices are expected to reach the boundaries of the 2% target during the first half of the next year, although that hinges almost exclusively on the performance of energy prices.
It is worth noting that earlier in the Asian session, the Bank of Japan has left intact its monetary policy, broadly in line with market expectations. Next of relevance will be the German/EMU ZEW Survey for the current month, expected to come lower.
EUR/JPY important levels
As of writing the cross is losing 0.69% at 135.13 facing the next support at 134.88 (low Sep.10) followed by 134.25 (low Sep.9) and finally 133.25 (low Sep.8). On the other hand, a surpass of 136.43 (high Sep.15) would aim for 136.72 (high Sep.14) and then 136.92 (high Sep.11).
EUR/JPY lower on Kuroda, eyes on ZEW
The cross has depreciated further after BoJ’s H.Kuroda reiterated that domestic prices are expected to reach the boundaries of the 2% target during the first half of the next year, although that hinges almost exclusively on the performance of energy prices.
It is worth noting that earlier in the Asian session, the Bank of Japan has left intact its monetary policy, broadly in line with market expectations. Next of relevance will be the German/EMU ZEW Survey for the current month, expected to come lower.
EUR/JPY important levels
As of writing the cross is losing 0.69% at 135.13 facing the next support at 134.88 (low Sep.10) followed by 134.25 (low Sep.9) and finally 133.25 (low Sep.8). On the other hand, a surpass of 136.43 (high Sep.15) would aim for 136.72 (high Sep.14) and then 136.92 (high Sep.11).