9 Mar 2015
EUR/JPY: No reaction to German data
FXStreet (Mumbai) - The EUR/JPY pair continues to hover around 131.30; largely unchanged post the release of the German trade balance.
The German trade balance figures showed the surplus fell to EUR 19.7 billion in January vs. EUR 21.6 billion from the previous month. The shared currency turned a blind eye towards the German data. The pair could see some volatility after the Investor Confidence tracked by the Sentix index is released later today. The index is expected to rise to 15.0 in March from 12.4.
EUR/JPY Technical Levels
The immediate support is seen at 131.00, under which losses could be extended to 130.68 levels. On the flip side, rise above 5-DMA at 131.60 could see the pair re-test 132.00 levels.
The German trade balance figures showed the surplus fell to EUR 19.7 billion in January vs. EUR 21.6 billion from the previous month. The shared currency turned a blind eye towards the German data. The pair could see some volatility after the Investor Confidence tracked by the Sentix index is released later today. The index is expected to rise to 15.0 in March from 12.4.
EUR/JPY Technical Levels
The immediate support is seen at 131.00, under which losses could be extended to 130.68 levels. On the flip side, rise above 5-DMA at 131.60 could see the pair re-test 132.00 levels.