16 Jan 2015
EUR/JPY rebounds from fresh 3-Month lows
FXStreet (Mumbai) - The common currency advanced steadily against the Japanese yen so far, largely on yen weakness as muted price pressures print from Germany did little to move the Euro.
Currently, the EUR/JPY pair traded at 135.59 Levels, up 0.35% on the day, moving away from fresh three-month lows of 134.72 reached earlier in the day. The cross in EUR/JPY edges higher as yen continues to weaken against the greenback. While, the slackening German CPI data had no impact on the EUR/USD pair.
Markets now await Euro zone composite CPI data for fresh moves on the EUR/JPY cross.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136 and above which it could extend gains to at 136.82 levels. To the downside immediate support might be located at 135.10 levels below that at 134.81 levels.
Currently, the EUR/JPY pair traded at 135.59 Levels, up 0.35% on the day, moving away from fresh three-month lows of 134.72 reached earlier in the day. The cross in EUR/JPY edges higher as yen continues to weaken against the greenback. While, the slackening German CPI data had no impact on the EUR/USD pair.
Markets now await Euro zone composite CPI data for fresh moves on the EUR/JPY cross.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136 and above which it could extend gains to at 136.82 levels. To the downside immediate support might be located at 135.10 levels below that at 134.81 levels.