Back
16 Jan 2015
EUR/JPY trades at three-month lows
FXStreet (Mumbai) - The EUR/JPY declined to trade at three-month lows, taking cues from the decline in the US index futures and the weakness in the US Treasury yields.
The pair currently trades 0.13% lower at 134.94, compared to the previous session’s close at 135.10 levels. The pair did rise above Oct 23rd low of 135.19, although gains could not be sustained since falling Treasury yields in the US pushed the Japanese Yen higher across the board. Meanwhile, the EUR/USD pair trades largely unchanged for the day at 1.1630 levels. Consequently, the EUR/JPY pair has been pushed lower to trade at 134.94 levels.
EUR/JPY Technical Levels
The immediate support is seen at 134.70, under which losses could be extended to 134.13 (Oct. 16 low) levels. Meanwhile, resistance is seen at 135.19 and 135.65 levels.
The pair currently trades 0.13% lower at 134.94, compared to the previous session’s close at 135.10 levels. The pair did rise above Oct 23rd low of 135.19, although gains could not be sustained since falling Treasury yields in the US pushed the Japanese Yen higher across the board. Meanwhile, the EUR/USD pair trades largely unchanged for the day at 1.1630 levels. Consequently, the EUR/JPY pair has been pushed lower to trade at 134.94 levels.
EUR/JPY Technical Levels
The immediate support is seen at 134.70, under which losses could be extended to 134.13 (Oct. 16 low) levels. Meanwhile, resistance is seen at 135.19 and 135.65 levels.