8 Aug 2013
EUR/JPY capped at 129.00 level but for how long?
FXstreet.com (New York) - The EUR/JPY technical cross has soared during Asian trading Thursday morning, having recently regained the 129.00 level and surpassed it.
Earlier today in Japan, the Trade Balance – BOP Basis (June) came in at ¥-139.2B, against expectations of ¥-128.7B. Moreover, Foreign bond investment (August 2) has yielded ¥689.9, compared to ¥234.6B. Later today at 03:00 the BOJ is slated to report its interest rate decision and subsequently the monetary policy statement.
EUR/JPY technical levels
At the time of writing, the EUR/JPY is now trading at the 129.00 region, peaking at the 129.12 level. Technically speaking, the pair recently broke resistance at 129.79, and will not look to test resistance at 128.98 (July 12 low), onto 129.59 (June 28 high).
Earlier today in Japan, the Trade Balance – BOP Basis (June) came in at ¥-139.2B, against expectations of ¥-128.7B. Moreover, Foreign bond investment (August 2) has yielded ¥689.9, compared to ¥234.6B. Later today at 03:00 the BOJ is slated to report its interest rate decision and subsequently the monetary policy statement.
EUR/JPY technical levels
At the time of writing, the EUR/JPY is now trading at the 129.00 region, peaking at the 129.12 level. Technically speaking, the pair recently broke resistance at 129.79, and will not look to test resistance at 128.98 (July 12 low), onto 129.59 (June 28 high).