9 Oct 2014
EUR/JPY eyes weekly lows
FXStreet (Córdoba) - ">EUR/JPY dropped further during the American session and broke below 137.00, reaching a fresh daily low at 136.71. The yen strengthened across the board as stocks tumbled in Wall Street.
The pair erased yesterday’s gains and is moving toward weekly lows that lie at 136.55. If it falls below, it would be trading at 4-week lows. Currently stands at 136.76, down 0.65% for the day.
EUR/JPY holds bearish tone
Despite Wednesday’s recovery the pair continues to move with a bearish bias as it has been the case since mid September, when started to fall from 141.20.
The pair erased yesterday’s gains and is moving toward weekly lows that lie at 136.55. If it falls below, it would be trading at 4-week lows. Currently stands at 136.76, down 0.65% for the day.
EUR/JPY holds bearish tone
Despite Wednesday’s recovery the pair continues to move with a bearish bias as it has been the case since mid September, when started to fall from 141.20.