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28 Feb 2014
EUR/JPY weakens below 140.00
FXStreet (Córdoba) - Early in Asia the EUR/JPY weakened and fell back under 140.00, as the USD/JPY reached levels under 102.00. So far the pair bottomed at 139.60 and currently trades at 139.75, down 0.18% for the day so far.
The Yen is among the best performers so far as stocks fell in Japan, on a day with many economic releases. The Nikkei 225 is down 0.20%.
Bearish momentums holds despite recovery
During yesterday’s European and American session the EUR/JPY rallied from 138.75 to 140.20 and finished hovering around 140.00 with a moderate daily loss. But despite the sharp recovery the pair is still facing downside pressure, particularly after being unable to hold above 140.00.
The Yen is among the best performers so far as stocks fell in Japan, on a day with many economic releases. The Nikkei 225 is down 0.20%.
Bearish momentums holds despite recovery
During yesterday’s European and American session the EUR/JPY rallied from 138.75 to 140.20 and finished hovering around 140.00 with a moderate daily loss. But despite the sharp recovery the pair is still facing downside pressure, particularly after being unable to hold above 140.00.