4 Nov 2013
EUR/JPY demand back into 133.00 handle
FXstreet.com (London) - EUR/JPY is trading on a slightly bullish bias with the pair up 0.08% and currently printing off from the lows of 132.85 and back into the 133.00 handle.
EUR/JPY was in demand despite PMI’s that came in mixed for the Eurozone. German data came in stronger but the EZ was failed with softer data from France Spain and Italy. Else where, “ECB's Asmussen speaks in Berlin. Any comments on the low inflation print last week and signals of potential ECB easing will be in focus”, explained research teams at Danske Bank this morning,…“Otherwise, the key economic events this week will be Thursday's ECB meeting, where we expect the ECB to signal a rate cut in December, and US non-farm payrolls on Friday”.
EUR/JPY Levels
The 20 DMA is 133.62, the 50 DMA is 132.73 and the 200 DMA is 128.97. RSI (14) reads 44.80. Supports are ascending from 132.05, 132.18, 132.47, 132.60 and 133.10. Spot is currently 133.16 while resistances are 133.58, 133.70, 134.05 and 134.27
EUR/JPY was in demand despite PMI’s that came in mixed for the Eurozone. German data came in stronger but the EZ was failed with softer data from France Spain and Italy. Else where, “ECB's Asmussen speaks in Berlin. Any comments on the low inflation print last week and signals of potential ECB easing will be in focus”, explained research teams at Danske Bank this morning,…“Otherwise, the key economic events this week will be Thursday's ECB meeting, where we expect the ECB to signal a rate cut in December, and US non-farm payrolls on Friday”.
EUR/JPY Levels
The 20 DMA is 133.62, the 50 DMA is 132.73 and the 200 DMA is 128.97. RSI (14) reads 44.80. Supports are ascending from 132.05, 132.18, 132.47, 132.60 and 133.10. Spot is currently 133.16 while resistances are 133.58, 133.70, 134.05 and 134.27