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5 Jan 2015
EUR/JPY trades below 144 handle
FXStreet (Mumbai) - The single currency slipped against the Japanese yen in a very choppy late Asian session, however, retracing from eight week lows of 143.06 reached in the previous session.
Currently, the EUR/JPY pair trades at 143.96 levels, down -0.46% on the day, after having clocked day’s high at 144.07 and day’s low at 143.66. The cross in EUR/JPY continues to extend losses largely on Euro weakness. The EUR/JPY cross remains pressured as EUR/USD trades close five year low levels at 1.1943, down -0.50% on the day. While, USD/JPY traded flat at 120.53, at time of writing.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 144.13 (Jan 4 High) and above which it could extend gains to at 145 levels. To the downside immediate support might be located at 143.06 (Jan 4 Low) levels below that at 142.53 (Nov 11 Low) levels.
Currently, the EUR/JPY pair trades at 143.96 levels, down -0.46% on the day, after having clocked day’s high at 144.07 and day’s low at 143.66. The cross in EUR/JPY continues to extend losses largely on Euro weakness. The EUR/JPY cross remains pressured as EUR/USD trades close five year low levels at 1.1943, down -0.50% on the day. While, USD/JPY traded flat at 120.53, at time of writing.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 144.13 (Jan 4 High) and above which it could extend gains to at 145 levels. To the downside immediate support might be located at 143.06 (Jan 4 Low) levels below that at 142.53 (Nov 11 Low) levels.