9 Jan 2015
EUR/JPY directly offered below key support
FXStreet (Guatemala) - EUR/JPY is currently trading at 140.45 having made a high of 141.39 and a low of 140.32 while being down 0.43% on the session.
There has been a spell of activity in the final session for the week that has seen the greenback mixed on a mixed jobs report and stocks taking a hit. The Nonfarm Payrolls report read slightly stronger than the consensus at 252K (240K consensus) and added substantial upward revisions to the previous months’ data. However, the hourly earnings were a real disappointment and that is what counts.
The EUR/JPY is directly offered and continuing with the bearish trend established in December from 149.80 and is printing fresh lows below 141.20 support. Karen Jones, chief analyst at Commerzbank said that they view that the market has recently topped just ahead of 150.00, and short to medium, the risk is now to the downside.
There has been a spell of activity in the final session for the week that has seen the greenback mixed on a mixed jobs report and stocks taking a hit. The Nonfarm Payrolls report read slightly stronger than the consensus at 252K (240K consensus) and added substantial upward revisions to the previous months’ data. However, the hourly earnings were a real disappointment and that is what counts.
The EUR/JPY is directly offered and continuing with the bearish trend established in December from 149.80 and is printing fresh lows below 141.20 support. Karen Jones, chief analyst at Commerzbank said that they view that the market has recently topped just ahead of 150.00, and short to medium, the risk is now to the downside.