25 Jun 2015
EUR/JPY risks on Greece
FXStreet (Guatemala) - EUR/JPY is currently trading at 138.78 with a high of 138.88 and a low of 138.72.
EUR/JPY is flat the Tokyo opening hour as we progress through a a quiet start to a quiet looking day in Asia. The main theme in the markets is the EZ and we await yet another Eurogroup meeting that will continue yesterday's meeting tonight at 1pm CET while no real progress has made between Greece and its creditors and as sentiment is starting to turn towards a no deal scenario which is likely to hurt the cross, favour the Yen in a risk-off market and put pressure on this consolidating phase.
EUR/JPY key levels
EUR/JPY's support of June business is back in to focus, with 138.00 coming as key support. The daily stick is in the red but should support hold and the bulls manage a score through the 140 handle then this will be a very bullish signal. Meanwhile, a close below 138 could be the catalyst for a correction.
EUR/JPY is flat the Tokyo opening hour as we progress through a a quiet start to a quiet looking day in Asia. The main theme in the markets is the EZ and we await yet another Eurogroup meeting that will continue yesterday's meeting tonight at 1pm CET while no real progress has made between Greece and its creditors and as sentiment is starting to turn towards a no deal scenario which is likely to hurt the cross, favour the Yen in a risk-off market and put pressure on this consolidating phase.
EUR/JPY key levels
EUR/JPY's support of June business is back in to focus, with 138.00 coming as key support. The daily stick is in the red but should support hold and the bulls manage a score through the 140 handle then this will be a very bullish signal. Meanwhile, a close below 138 could be the catalyst for a correction.