21 Mar 2014
EUR/JPY a close on 141 handle for the week?
FXStreet (Guatemala) - EUR/JPY has been a poor performer sliding from above 141.70 yesterday and reaching a low onto the 140.90 level and sub the uptrend support at 140.90.
EUR/JPY is a non-event currently with nothing left from the calendar into the close for the week. Strategists at TD Securities reminded that the looming tax hike in Japan would not trigger a policy reaction from the BoJ until late summer, leaving the JPY at the mercy of external drivers.
EUR/JPY Levels
The 20 DMA is 141.26, the 50 DMA is 140.62 and the 200 DMA is 135.50. RSI (14) reads 43.97. Supports are ascending from 139.87, 140.21, 140.44 and 140.75. Spot is 141.05, 141.97, 142.22, 142.52 and 143.38.
EUR/JPY is a non-event currently with nothing left from the calendar into the close for the week. Strategists at TD Securities reminded that the looming tax hike in Japan would not trigger a policy reaction from the BoJ until late summer, leaving the JPY at the mercy of external drivers.
EUR/JPY Levels
The 20 DMA is 141.26, the 50 DMA is 140.62 and the 200 DMA is 135.50. RSI (14) reads 43.97. Supports are ascending from 139.87, 140.21, 140.44 and 140.75. Spot is 141.05, 141.97, 142.22, 142.52 and 143.38.