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2 Apr 2014
EUR/JPY paused at 143.30 before new rush higher
FXStreet (Moscow) - EUR/JPY consolidates at 143.30 after retracing from Asian high at 143.42
EU officials may stop EUR/JPY upside
EUR/JPY dynamics is largely the same as the one of USD/JPY as all JPY crosses are affected by the Japanese currency weakness caused by better risk environment and growing rate expectations differential between USA and Japan. In Europe the cross will be influenced by EUR sentiments and comments from ECOFIN meeting. Vice President of ECB Vitor Constancio speaks today. Will he comment upon the latest inflation data? Listen attentively as the hints on possible monetary easing or QE-like measures may trigger EUR selling across the board. From the technical point of view the support comes at 143.00. If it is broken the downside will accelerate to 142.70 and 142.50. The upside may be capped by 143.60.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 142.69, with support below at 142.28, 141.60 and 141.19, with resistance above at 143.37, 143.78, and 144.46. Hourly Moving Averages are bullish, with the 200SMA at 142.95 and the daily 20EMA at 141.42. Hourly RSI is neutral at 79.
EU officials may stop EUR/JPY upside
EUR/JPY dynamics is largely the same as the one of USD/JPY as all JPY crosses are affected by the Japanese currency weakness caused by better risk environment and growing rate expectations differential between USA and Japan. In Europe the cross will be influenced by EUR sentiments and comments from ECOFIN meeting. Vice President of ECB Vitor Constancio speaks today. Will he comment upon the latest inflation data? Listen attentively as the hints on possible monetary easing or QE-like measures may trigger EUR selling across the board. From the technical point of view the support comes at 143.00. If it is broken the downside will accelerate to 142.70 and 142.50. The upside may be capped by 143.60.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 142.69, with support below at 142.28, 141.60 and 141.19, with resistance above at 143.37, 143.78, and 144.46. Hourly Moving Averages are bullish, with the 200SMA at 142.95 and the daily 20EMA at 141.42. Hourly RSI is neutral at 79.