18 Jul 2014
EUR/JPY posts lowest weekly closer for 2014
FXStreet (Córdoba) - The EUR/JPY fell for the second week in a row and despite being able to close above 137.00, posted the lowest weekly close since October 2013.
On Friday the EUR/JPY bottomed at 136.68 but then rebounded and rose back above 137.00 as risk appetite surged in Wall Street. During Monday the pair was testing a short term resistance around 138.50.
The Euro was among the worst performers in the last five days while the Yen showed resilience supported by falling government bond yields and risk aversion.
On Friday the EUR/JPY bottomed at 136.68 but then rebounded and rose back above 137.00 as risk appetite surged in Wall Street. During Monday the pair was testing a short term resistance around 138.50.
The Euro was among the worst performers in the last five days while the Yen showed resilience supported by falling government bond yields and risk aversion.