EUR/JPY rebounds from 141.00

FXStreet (Córdoba) - The EUR/JPY fell after Wall Street opening bell to 141.04, reaching the lowest price since April 17 but then bounced quickly rising to 141.58. Recently failed to hold above 141.50 and currently trades at 141.41, down 0.17% for the day so far.

Outlook for the EUR/JPY

The Euro is slowly losing momentum against the Yen after bouncing from 140.00 last week. Yesterday the EUR/JPY approached 142.00 but turned to the downside. Price action remains trapped to the 141.50 area in recent days.

The 142.00 is acting as an important resistance while to the downside 141.00 is the key support level to consider.