4 Dec 2014
EUR/JPY trading around Yen weakness
FXStreet (Guatemala) - EUR/JPY is trading at 147.47, having posted a daily high at 147.55 and low at 147.41.
EUR/JPY has risen up from the 147 handle with a rally in early US that reached 147.40 on Yen's weakness and further demand came in to ramp up the gains to 147.60 before filtering away into a slow drift. The euro was shunned in the European shift, on strong demand for the greenback and data in the eurozone missing expectations, further stoking investor’s caution surrounding the problems ahead facing the ECB.
The Central Bank meets tomorrow and for the last time in 2014. Announcements will be made in respect to how the bloc nations are holding up in the global macro conditions and it is certain to offer a dovish outlook along the theme of monetary easing that is very much required in respect of inflation being persistently below their 2% target of inflation.
EUR/JPY local noteworthy levels
With spot trading at 147.48, we can see next levels ahead at 147.49 (Daily Open), 147.53 (Hourly 100 SMA), 147.55 (Daily High), 147.62 (Weekly High) and 147.76 (Daily Classic PP). Support and levels below can be found at 147.45 (Hourly 20 EMA), 147.41 (Daily Low), 147.31 (Daily Classic S1), 147.14 (Hourly 200 SMA) and 147.07 (Weekly Classic PP).
EUR/JPY has risen up from the 147 handle with a rally in early US that reached 147.40 on Yen's weakness and further demand came in to ramp up the gains to 147.60 before filtering away into a slow drift. The euro was shunned in the European shift, on strong demand for the greenback and data in the eurozone missing expectations, further stoking investor’s caution surrounding the problems ahead facing the ECB.
The Central Bank meets tomorrow and for the last time in 2014. Announcements will be made in respect to how the bloc nations are holding up in the global macro conditions and it is certain to offer a dovish outlook along the theme of monetary easing that is very much required in respect of inflation being persistently below their 2% target of inflation.
EUR/JPY local noteworthy levels
With spot trading at 147.48, we can see next levels ahead at 147.49 (Daily Open), 147.53 (Hourly 100 SMA), 147.55 (Daily High), 147.62 (Weekly High) and 147.76 (Daily Classic PP). Support and levels below can be found at 147.45 (Hourly 20 EMA), 147.41 (Daily Low), 147.31 (Daily Classic S1), 147.14 (Hourly 200 SMA) and 147.07 (Weekly Classic PP).