8 Apr 2015
EUR/JPY steadies above 130
FXStreet (Mumbai) - EUR/JPY trades muted in the mid-Asian session, well supported above 130 barrier, as the yen remained largely unchanged versus the shared currency after Bank of Japan (BOJ) left its monetary policy unchanged.
EUR/JPY holds above 20-DMA
Currently, the EUR/JPY cross traded flat at 130.18 levels, swiftly recovering from just ahead of 130 barrier shortly after the BOJ decision. The cross in EUR/JPY is seen consolidating above 130 handle as traders remain in a wait-and-see mode ahead of FOMC minutes with no reaction to the BOJ’s same old policy on track decision.
The EUR/USD pair tries to recover and holds above 1.08, with EUR bulls back in bids while USD/JPY keeps minor losses with BOJ providing no fresh incentives.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 130.42 (5-DMA) and above which it could extend gains to at 131 levels. To the downside immediate support might be located at 130 (20-DMA) levels below that at 129.49 levels.
EUR/JPY holds above 20-DMA
Currently, the EUR/JPY cross traded flat at 130.18 levels, swiftly recovering from just ahead of 130 barrier shortly after the BOJ decision. The cross in EUR/JPY is seen consolidating above 130 handle as traders remain in a wait-and-see mode ahead of FOMC minutes with no reaction to the BOJ’s same old policy on track decision.
The EUR/USD pair tries to recover and holds above 1.08, with EUR bulls back in bids while USD/JPY keeps minor losses with BOJ providing no fresh incentives.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 130.42 (5-DMA) and above which it could extend gains to at 131 levels. To the downside immediate support might be located at 130 (20-DMA) levels below that at 129.49 levels.