14 Jan 2014
EUR/JPY climbs into European open
FXstreet.com (Barcelona) - EUR/JPY made its daily low of 140.73 at the Asia open, before climbing to where spot made a high at 141.58, just above where it is presently trading at 141.53.
EUR/JPY bid overnight into European open
Overnight saw the Japanese Trade Balance reach a record level at ¥-1,254.3B, while Japanese Investors became net sellers of foreign bonds. Japanese importers were seen to be buying into the Tokyo Fix. In other data, The Japanese Economic Watchers Surveys, both Current and Outlook improved in December. This morning has seen the German Wholesale price Index improve both MoM and YoY, with French CPI data mixed. Italian CPI makes up the lightweight docket this morning, before Eurozone Industrial Production at 10:00 GMT. US data is set to become increasingly important to the pair, given the Euro´s resilience and relative stability, and Japanese monetary easing. Further, despite the recent pull back, longer term bull positions seem to remain intact. Focus to the downside will remain on the key 140 level.
What are today´s key EUR/JPY levels?
Hourly RSI sits at 60 and climbing, while ADX is at 30. The daily pivot point sits at 141.21, providing support, before 140.50 (Jan 13 Low),140.07-00 (S1 - Psychological), 139.35 (S2), 138.96 (Dec 6 Low), 138.45 (Dec 4 Low), 138.20 (S3). Resistance above can be seen at 141.46 (Session H Jan 14), 141.50 (Jan 6 Low), 141.65 (H&S Neckline), 141.93 (R1), 142.05 (Jan 9 Low), 143.08 (R2), 143.80 (R3)
EUR/JPY bid overnight into European open
Overnight saw the Japanese Trade Balance reach a record level at ¥-1,254.3B, while Japanese Investors became net sellers of foreign bonds. Japanese importers were seen to be buying into the Tokyo Fix. In other data, The Japanese Economic Watchers Surveys, both Current and Outlook improved in December. This morning has seen the German Wholesale price Index improve both MoM and YoY, with French CPI data mixed. Italian CPI makes up the lightweight docket this morning, before Eurozone Industrial Production at 10:00 GMT. US data is set to become increasingly important to the pair, given the Euro´s resilience and relative stability, and Japanese monetary easing. Further, despite the recent pull back, longer term bull positions seem to remain intact. Focus to the downside will remain on the key 140 level.
What are today´s key EUR/JPY levels?
Hourly RSI sits at 60 and climbing, while ADX is at 30. The daily pivot point sits at 141.21, providing support, before 140.50 (Jan 13 Low),140.07-00 (S1 - Psychological), 139.35 (S2), 138.96 (Dec 6 Low), 138.45 (Dec 4 Low), 138.20 (S3). Resistance above can be seen at 141.46 (Session H Jan 14), 141.50 (Jan 6 Low), 141.65 (H&S Neckline), 141.93 (R1), 142.05 (Jan 9 Low), 143.08 (R2), 143.80 (R3)