19 Jun 2015
EUR/JPY muted near 139.90 on BOJ
FXStreet (Mumbai) - EUR/JPY remains lifted below 140 barrier in the mid-Asian trades, with the Bank of Japan’s (BOJ) status-quo policy stance helping little to move the cross. While cross remains underpinned mainly on euro strength as markets await fresh cues from BOJ press conference due later in the session.
EUR/JPY unmoved by BOJ
Currently, the EUR/JPY pair trades 0.14% higher, consolidating below 139 handle. The EUR/JPY cross remained unresponsive on the release of BOJ policy statement which brought no new surprises, keeping policy steady. The USD/JPY pair hovers around 123 barrier post BOJ as markets continue to digest the latest policy outlook.
On the other hand, the shared currency remains supported, inching closer towards 1.14 handle versus the US dollar as markets move past Greek dead lock and await fresh insights from the session ahead.
Later in the day, markets will monitor BOJ Kuroda’s speech at the press conference, while German PPI and EZ trade balance may also provide fresh cues on the cross.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 140 levels and above which it could extend gains 140.50 (June 17 High) levels. To the downside immediate support might be located at 139.45 (June 18 Low) below that at 139 levels.
EUR/JPY unmoved by BOJ
Currently, the EUR/JPY pair trades 0.14% higher, consolidating below 139 handle. The EUR/JPY cross remained unresponsive on the release of BOJ policy statement which brought no new surprises, keeping policy steady. The USD/JPY pair hovers around 123 barrier post BOJ as markets continue to digest the latest policy outlook.
On the other hand, the shared currency remains supported, inching closer towards 1.14 handle versus the US dollar as markets move past Greek dead lock and await fresh insights from the session ahead.
Later in the day, markets will monitor BOJ Kuroda’s speech at the press conference, while German PPI and EZ trade balance may also provide fresh cues on the cross.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 140 levels and above which it could extend gains 140.50 (June 17 High) levels. To the downside immediate support might be located at 139.45 (June 18 Low) below that at 139 levels.