18 Feb 2015
EUR/JPY trims losses on BOJ Kuroda’s comments
FXStreet (Mumbai) - EUR/JPY recovered partial losses, although remained lower as the yen lost its footing versus the shared currency after BOJ Kuroda failed to confirm last week’s BOJ comments to stop QE further.
EUR/JPY rises from 135.76 levels
Currently, the EUR/JPY pair traded lower at 135.96 levels, after spiking to fresh session highs at 136.07 levels immediately after Kuroda’s comments at BOJ press conference. The EUR/JPY steadied below 136 levels as the yen gave away gains versus the US dollar after the BOJ press conference didn’t come up with new surprises and the BOJ Governor Kuroda reiterated that the Japanese economic recovery remains intact and the accommodative monetary policy will continue until BOJ 2% inflation target is achieved. On the other hand, EUR/USD held steady awaiting fresh updates on the Greece front.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.07 and above which it could extend gains to at 136.28 levels. To the downside immediate support might be located at 135.12 levels below that at 134.77 levels
EUR/JPY rises from 135.76 levels
Currently, the EUR/JPY pair traded lower at 135.96 levels, after spiking to fresh session highs at 136.07 levels immediately after Kuroda’s comments at BOJ press conference. The EUR/JPY steadied below 136 levels as the yen gave away gains versus the US dollar after the BOJ press conference didn’t come up with new surprises and the BOJ Governor Kuroda reiterated that the Japanese economic recovery remains intact and the accommodative monetary policy will continue until BOJ 2% inflation target is achieved. On the other hand, EUR/USD held steady awaiting fresh updates on the Greece front.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.07 and above which it could extend gains to at 136.28 levels. To the downside immediate support might be located at 135.12 levels below that at 134.77 levels