22 Sep 2015
EUR/JPY tumbles to lows near 133.60
FXStreet (Edinburgh) - The softer tone in the single currency keeps dominating the broader markets today, with EUR/JPY now challenging session lows in the 133.65/60 band.
EUR/JPY down from 135.00
The cross has been doing nothing but falling since overnight tops in the boundaries of the 135.00 handle in response to the increasing bearishness surrounding EUR. EUR/JPY is thus prolonging its weekly decline for the third session in a row, quickly fading the spike to September tops in the 137.40 area.
Absent significant releases in the euro area plus the inactivity in the Japanese markets, the risk appetite trends will remain the main drivers for the price action, at least in the very near term.
EUR/JPY important levels
As of writing the cross is retreating 0.95% at 133.62 with the next support at 133.25 (low Sep.9) ahead of 132.76 (low Sep.7) and finally 132.23 (low Sep.4). On the other hand, a breakout of 134.99 (high Sep.22) would expose 136.14 (high Sep.21) and then 136.63 (high Sep.16).
EUR/JPY down from 135.00
The cross has been doing nothing but falling since overnight tops in the boundaries of the 135.00 handle in response to the increasing bearishness surrounding EUR. EUR/JPY is thus prolonging its weekly decline for the third session in a row, quickly fading the spike to September tops in the 137.40 area.
Absent significant releases in the euro area plus the inactivity in the Japanese markets, the risk appetite trends will remain the main drivers for the price action, at least in the very near term.
EUR/JPY important levels
As of writing the cross is retreating 0.95% at 133.62 with the next support at 133.25 (low Sep.9) ahead of 132.76 (low Sep.7) and finally 132.23 (low Sep.4). On the other hand, a breakout of 134.99 (high Sep.22) would expose 136.14 (high Sep.21) and then 136.63 (high Sep.16).