12 Feb 2015
EUR/JPY: Yen rises over 1% after BOJ’s announces no further QE
FXStreet (Mumbai) - EUR/JPY fell further to fresh session lows during the European morning, breaking below 135 handle after Bank of Japan (BOJ) announcement to stop further easing measures bolstered the yen.
Slipped from 136.29
Currently, the EUR/JPY pair traded at 135 levels, down 1.18% on the day, slipping from 136.29 levels after the BOJ announcement to fresh lows of 134.73 levels. The EUR/JPY cross plunged to fresh daily lows from close to three-week high levels after Bank of Japan said it would not add extra stimulus measures in an effort to protect the currency from further weakening and to prevent a worsening trend in the Japanese consumer sentiment.
At the moment, USD/JPY trades -1.09% lower at 119.10, while EUR/USD traded flat at 1.1340 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.30 and above which it could extend gains to at 137 levels. To the downside immediate support might be located at 134.50 levels below that at 134 levels.
Slipped from 136.29
Currently, the EUR/JPY pair traded at 135 levels, down 1.18% on the day, slipping from 136.29 levels after the BOJ announcement to fresh lows of 134.73 levels. The EUR/JPY cross plunged to fresh daily lows from close to three-week high levels after Bank of Japan said it would not add extra stimulus measures in an effort to protect the currency from further weakening and to prevent a worsening trend in the Japanese consumer sentiment.
At the moment, USD/JPY trades -1.09% lower at 119.10, while EUR/USD traded flat at 1.1340 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.30 and above which it could extend gains to at 137 levels. To the downside immediate support might be located at 134.50 levels below that at 134 levels.