6 Jan 2015
EUR/JPY hits a fresh 2-Month Low
FXStreet (Mumbai) - The single currency slipped against the Japanese yen in the late Asian session, reaching a fresh two-month low at 142.27 levels an hour ago.
Currently, the EUR/JPY pair trades at 142.40 levels, down -0.25% on the day, after having clocked day’s high at 142.68 earlier in the day. The cross in EUR/JPY continues to extend losses largely on yen strength as the Japanese currency regains footing versus the US dollar, gaining 0.43% on the day to trade at 119.11 levels. While, EUR/USD traded up 0.17% at 1.1953 levels, at time of writing.
Moreover, the EUR/JPY cross may remain pressured as traders digest Germany’s weak inflation figures amid rising fears over a possible Greek exit from the euro zone.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 142.94 (Nov 10 High) and above which it could extend gains to at 144 levels. To the downside immediate support might be located at 142 levels below that at 141.65 (Nov 4 Low) levels.
Currently, the EUR/JPY pair trades at 142.40 levels, down -0.25% on the day, after having clocked day’s high at 142.68 earlier in the day. The cross in EUR/JPY continues to extend losses largely on yen strength as the Japanese currency regains footing versus the US dollar, gaining 0.43% on the day to trade at 119.11 levels. While, EUR/USD traded up 0.17% at 1.1953 levels, at time of writing.
Moreover, the EUR/JPY cross may remain pressured as traders digest Germany’s weak inflation figures amid rising fears over a possible Greek exit from the euro zone.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 142.94 (Nov 10 High) and above which it could extend gains to at 144 levels. To the downside immediate support might be located at 142 levels below that at 141.65 (Nov 4 Low) levels.