5 Aug 2015
EUR/JPY rebounds from 135.00 and climbs above 136.00
FXStreet (Córdoba) - The euro extended gains versus the Japanese yen during the American session and is approaching Tuesday’s highs, erasing weekly losses.
EUR/JPY supported by 135.00
The pair continued to slide during the Asian session and bottomed slightly below 135.00. The mentioned level offered support to the euro.
After moving in a range between 135.30 and 135.00 during hours, broke to the upside and soared, initially to 135.90. During the last hour, as EUR/USD resumed the upside, EUR/JPY broke above 136.00 and printed a fresh daily high at 136.10.
Currently is hovering around 136.00, at the same level it closed on Friday. The pair has been able to erased two days of losses in a few hours boosted by a weak yen. Immediate resistance is seen at 136.15/20 (August 4 high).
EUR/JPY supported by 135.00
The pair continued to slide during the Asian session and bottomed slightly below 135.00. The mentioned level offered support to the euro.
After moving in a range between 135.30 and 135.00 during hours, broke to the upside and soared, initially to 135.90. During the last hour, as EUR/USD resumed the upside, EUR/JPY broke above 136.00 and printed a fresh daily high at 136.10.
Currently is hovering around 136.00, at the same level it closed on Friday. The pair has been able to erased two days of losses in a few hours boosted by a weak yen. Immediate resistance is seen at 136.15/20 (August 4 high).