6 Mar 2015
EUR/JPY little changed post upbeat German data
FXStreet (Mumbai) - EUR/JPY keeps losses and remains near one month lows in the European session, as traders shrugged of upbeat German factory output data.
EUR/JPY supported above 132 levels
Currently, the EUR/JPY cross fell -0.16% at 132.31 levels, having previously posted day’s low at 132.17 levels. The cross in EUR/JPY keeps losses largely on the shared currency weakness after impressive German industrial production numbers failed to lift the euro versus the Japanese yen. On monthly basis, Industrial output in Germany advanced 0.6% in January after reporting a revised 1.0% advance in December.
On the flip side, yen remains muted against the US dollar as traders remains cautious ahead US employment data which may provide further momentum on the cross.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 132.52 and above which it could extend gains to at 133 levels. To the downside immediate support might be located at 132.06 levels below that at 130.89 levels.
EUR/JPY supported above 132 levels
Currently, the EUR/JPY cross fell -0.16% at 132.31 levels, having previously posted day’s low at 132.17 levels. The cross in EUR/JPY keeps losses largely on the shared currency weakness after impressive German industrial production numbers failed to lift the euro versus the Japanese yen. On monthly basis, Industrial output in Germany advanced 0.6% in January after reporting a revised 1.0% advance in December.
On the flip side, yen remains muted against the US dollar as traders remains cautious ahead US employment data which may provide further momentum on the cross.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 132.52 and above which it could extend gains to at 133 levels. To the downside immediate support might be located at 132.06 levels below that at 130.89 levels.