26 Mar 2014
EUR/JPY at the top of recent range
FXStreet (Guatemala) - EUR/JPY has levelled out at 141.30/40 post the rally from slightly below the 141 handle overnight.
With the attention else where in the main for today and mostly on the US session and US data, EUR/JPY has been reactive to EUR/USD. Strategists at TD Securities explained that markets saw the first nudge lower in the EUR after disappointing IFO data out of Germany, but they noted the larger move came after comments from the ECB’s Weidmann, who described QE as not generally out of the question, and perhaps more interestingly, pointed to negative deposit rates as the most appropriate measure to counter the consequences of further appreciation of the EUR.
EUR/JPY Levels
The 20 DMA is 141.32, the 50 DMA is 140.56 and the 200 DMA is 135.63. RSI (14) reads 55.28. Supports are ascending from 139.87, 140.21,
140.43, 140.72. Spot is 141.43 while resistances are 141.74, 141.97, 142.22 and 142.52.
With the attention else where in the main for today and mostly on the US session and US data, EUR/JPY has been reactive to EUR/USD. Strategists at TD Securities explained that markets saw the first nudge lower in the EUR after disappointing IFO data out of Germany, but they noted the larger move came after comments from the ECB’s Weidmann, who described QE as not generally out of the question, and perhaps more interestingly, pointed to negative deposit rates as the most appropriate measure to counter the consequences of further appreciation of the EUR.
EUR/JPY Levels
The 20 DMA is 141.32, the 50 DMA is 140.56 and the 200 DMA is 135.63. RSI (14) reads 55.28. Supports are ascending from 139.87, 140.21,
140.43, 140.72. Spot is 141.43 while resistances are 141.74, 141.97, 142.22 and 142.52.