EUR/JPY drops to two-week low

Trump lead and the resulting rise in demand for the Japanese Yen pushed the EUR/JPY cross to a two-week low of 113.72.

Trades above 114.00

The pair stages a minor recovery to 114.40 levels after Clinton scored victory in Virginia and Colorado. However, Trump still maintains the overall lead.

Fresh report of Trump victory in North Carolina is also capping the recovery in the EUR/JPY pair.

EUR/JPY Technical Levels

Key resistance levels – 115.00 (zero figure), 115.68 (Nov 1 high), 116.00 (previous day’s high)

Key support levels – 113.72 (daily low), 113.00 (zero figure), 112.61 (Oct 21 low)