3 Jul 2013
EUR/JPY unchanged in the Asia-Pacific after lots of noise
FXstreet.com (Barcelona) - A choppy session today in the Asia-Pacific for EUR/JPY up and down last trading at 130.67, off recent session lows at 130.30, but about unchanged from NY close.
EUR/JPY holding on Euro sovereign bids
The cross has seen early buying always in the back of Yen weakness to post session highs at 130.88, for then selling off to mentioned session lows, while EUR/USD has been barely unchanged, thanks to “sovereign bids reported in recent days,” FXWW founder Sean Lee said, noting that “ EUR/JPY closed above technical resistance at 130.45.”
EUR/JPY Key technical levels
Immediate resistance to the upside for EUR/JPY shows at current levels as yesterday's Asian session highs 130.64, followed by recent session highs at 130.87, and NY session/1-month highs at 130.88. To the downside closest support lies at recent session and May 30/31 lows 130.30, followed by June 20 highs at 129.94, and June 21/Friday's highs at 129.70
EUR/JPY holding on Euro sovereign bids
The cross has seen early buying always in the back of Yen weakness to post session highs at 130.88, for then selling off to mentioned session lows, while EUR/USD has been barely unchanged, thanks to “sovereign bids reported in recent days,” FXWW founder Sean Lee said, noting that “ EUR/JPY closed above technical resistance at 130.45.”
EUR/JPY Key technical levels
Immediate resistance to the upside for EUR/JPY shows at current levels as yesterday's Asian session highs 130.64, followed by recent session highs at 130.87, and NY session/1-month highs at 130.88. To the downside closest support lies at recent session and May 30/31 lows 130.30, followed by June 20 highs at 129.94, and June 21/Friday's highs at 129.70