27 Jan 2015
EUR/JPY retreats toward 133.00
FXStreet (Córdoba) - The euro lost momentum during the last few hours and erased gains versus the yen. Earlier EUR/JPY climbed from 132.47 and reached at 133.95, the strongest level since last Friday.
After finding resistance around 134.00, EUR/JPY pulled back and currently trades at 133.05, around the same level it closed yesterday. The pair remains more than 300 pips away from Monday’s low that lie at 130.13.
EUR/JPY lost gains as the EUR/USD pulled back from 1.1340 back to 1.1260/70 while USD/JPY remains around 118.00/10. Several economic reports from the US will be release in the coming hours, but the FOMC statement to be release on Wednesday is likely to get all the attention.
After finding resistance around 134.00, EUR/JPY pulled back and currently trades at 133.05, around the same level it closed yesterday. The pair remains more than 300 pips away from Monday’s low that lie at 130.13.
EUR/JPY lost gains as the EUR/USD pulled back from 1.1340 back to 1.1260/70 while USD/JPY remains around 118.00/10. Several economic reports from the US will be release in the coming hours, but the FOMC statement to be release on Wednesday is likely to get all the attention.