20 Feb 2015
EUR/JPY : Jumps higher on Greek deal rumours
FXStreet (Guatemala) - EUR/JPY is currently trading at 135.53 with a high of 135.82 and a low of 133.54.
EUR/JPY is spiking higher as the Eurogroup meeting gets under weigh and markets are speculating that a deal can be struck at the 11th hour, which is supporting the euro. Recently, there are headlines the there has been a deal struck but nothing is confirmed and in fact there are now denials of this being the case. Volatility is likely to play out as we continue with the uncertainty.
Meanwhile, on any further advancements, above 136.70 lies the 200 day ma at 139.42. Karen Jones, chief analyst at Commerzbank said that her team will look for the market to remain capped here.
EUR/JPY is spiking higher as the Eurogroup meeting gets under weigh and markets are speculating that a deal can be struck at the 11th hour, which is supporting the euro. Recently, there are headlines the there has been a deal struck but nothing is confirmed and in fact there are now denials of this being the case. Volatility is likely to play out as we continue with the uncertainty.
Meanwhile, on any further advancements, above 136.70 lies the 200 day ma at 139.42. Karen Jones, chief analyst at Commerzbank said that her team will look for the market to remain capped here.