17 Feb 2015
EUR/JPY caught between USD strength; capped before 134.00
FXStreet (Guatemala) - EUR/JPY is currently trading at 135.67 with a high of 135.97 and a low of 133.93.
EUR/JPY is caught between the greenbacks advance with activity coming back onto the court, stocks are volatile and commodities are coming off. USD/JPY is on the up through 119 again. With the Greeks and Eurogroup not able to find any common ground, it opens up major concerns yet again in the markets but despite those, the Yen is taking a back seat.
EUR/JPY has been bid from 134.40 until some resistance at 135.20 and a grind higher to reach the highs of the US sessions so far. Further on, we have the BoJ Policy Statement and press conference. Although the BoJ are unlikely to move, Governor Kuroda's press conference will be key while his view on the inflation outlook, JGB market volatility, and the currency rate is of great interest. On the daily chart, the Elliot wave counts offer room all the way to the 200 DMA at 139.48 according to Karen Jones, chief analyst at Commerzbank.
EUR/JPY is caught between the greenbacks advance with activity coming back onto the court, stocks are volatile and commodities are coming off. USD/JPY is on the up through 119 again. With the Greeks and Eurogroup not able to find any common ground, it opens up major concerns yet again in the markets but despite those, the Yen is taking a back seat.
EUR/JPY has been bid from 134.40 until some resistance at 135.20 and a grind higher to reach the highs of the US sessions so far. Further on, we have the BoJ Policy Statement and press conference. Although the BoJ are unlikely to move, Governor Kuroda's press conference will be key while his view on the inflation outlook, JGB market volatility, and the currency rate is of great interest. On the daily chart, the Elliot wave counts offer room all the way to the 200 DMA at 139.48 according to Karen Jones, chief analyst at Commerzbank.