Back
18 Dec 2013
EUR/JPY supported following morning round trip
Having climbed from an opening low of 141.21 to post a high at 141.90, EUR/JPY declined in the European session to find support at the daily pivot point at 141.41.
JPY weakened with BoJ commentary before EUR dragged pair lower
Overnight, BoJ commentary, indicating room for Government bond buying to support the 2% inflation target efforts saw Yen weaken, with the Nikkei closing 2.02% higher. The pair met resistance at R1 at 141.85, before declining into the European session, following mixed IFO data and commentary from German Chancellor Merkel who stated that Germany had to play a key role in Europe and struggling EZ states could receive aid to meet their economic targets.
What are today’s key EUR/JPY levels?
Today’s pivot point sits at 141.41, with support below at 140.8580 (S1), 140.4165 (S2) and 139.8580 (S3), and resistance above at 141.8580 (R1), 142.4165 (R2) and 142.8580 (R3). The range between 141.93-142.27 could provide technical resistance above with several key technical levels clustered.
JPY weakened with BoJ commentary before EUR dragged pair lower
Overnight, BoJ commentary, indicating room for Government bond buying to support the 2% inflation target efforts saw Yen weaken, with the Nikkei closing 2.02% higher. The pair met resistance at R1 at 141.85, before declining into the European session, following mixed IFO data and commentary from German Chancellor Merkel who stated that Germany had to play a key role in Europe and struggling EZ states could receive aid to meet their economic targets.
What are today’s key EUR/JPY levels?
Today’s pivot point sits at 141.41, with support below at 140.8580 (S1), 140.4165 (S2) and 139.8580 (S3), and resistance above at 141.8580 (R1), 142.4165 (R2) and 142.8580 (R3). The range between 141.93-142.27 could provide technical resistance above with several key technical levels clustered.