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24 Feb 2015
EUR/JPY: Awaits impetus and struggles on 135 handle
FXStreet (Guatemala) - EUR/JPY is currently trading at 134.81 with a high of 134.86 and a low of 134.60.
EUR/JPY is moving sideways after two failed attempts back onto the 136 handle. We are now oscillating at 135.80 with little in Asia to kick us off again. We have been trading around Greece for sometime now in the pair, with a resilient euro considering the implications of a failed conclusion between the Eurogroup and the Greeks. There has been some progress to date but today we stalled again due to the Greeks delaying the first part of the procedures that were due today until tomorrow.
Speaking of tomorrow, we have a distraction with some of the governors of some of the Central Banks speaking, including the ECB's Draghi and Fed's Yellen. Most attention will be paid to Yellen and any inkling of a rate move from the Fed as soon as June will likely add volatility into
EUR/JPY is moving sideways after two failed attempts back onto the 136 handle. We are now oscillating at 135.80 with little in Asia to kick us off again. We have been trading around Greece for sometime now in the pair, with a resilient euro considering the implications of a failed conclusion between the Eurogroup and the Greeks. There has been some progress to date but today we stalled again due to the Greeks delaying the first part of the procedures that were due today until tomorrow.
Speaking of tomorrow, we have a distraction with some of the governors of some of the Central Banks speaking, including the ECB's Draghi and Fed's Yellen. Most attention will be paid to Yellen and any inkling of a rate move from the Fed as soon as June will likely add volatility into