3 Sep 2013
EUR/JPY clawing back to 131.20 area
FXstreet.com (Athens) - While the EUR/JPY tumbled across the board due to Russian inaccurate reports, the pair managed to pare its earlier losses.
EUR/JPY upwards again, as Syria’s worries wear off as Israel takes over the responsibility
The EUR/JPY is trading on the upper level again, as Israel finally took over the responsibility for the missile launch from the Mediterranean Sea in the direction of the Middle East. Therefore the Japanese currency only temporarily benefited from the missile launch headline. What’s more we Chancellor Merkel spoke at an election campaign event, mentioning that she is in favor of the common currency, because that is good for Germany. Last but not least, Euro zone July PPI rose to 0.2%on a yearly basis.
TECHNICAL PERSPECTIVE ON EUR/JPY
At the time of writing, the pair is trading at 131.19, up 0.12%. The FXstreet.com Trend Index shows the pair to be slightly bullish in the 15 minutes chart. Daily pivot point support can be found at 129.67, 128.10, 127.86 and resistance at 131.36, 131.62 and 132.03, respectively.
EUR/JPY upwards again, as Syria’s worries wear off as Israel takes over the responsibility
The EUR/JPY is trading on the upper level again, as Israel finally took over the responsibility for the missile launch from the Mediterranean Sea in the direction of the Middle East. Therefore the Japanese currency only temporarily benefited from the missile launch headline. What’s more we Chancellor Merkel spoke at an election campaign event, mentioning that she is in favor of the common currency, because that is good for Germany. Last but not least, Euro zone July PPI rose to 0.2%on a yearly basis.
TECHNICAL PERSPECTIVE ON EUR/JPY
At the time of writing, the pair is trading at 131.19, up 0.12%. The FXstreet.com Trend Index shows the pair to be slightly bullish in the 15 minutes chart. Daily pivot point support can be found at 129.67, 128.10, 127.86 and resistance at 131.36, 131.62 and 132.03, respectively.