Back

Forex: EUR/JPY printed session low 131.18

FXstreet.com (London) - EUR/JPY has dropped well blow the 132.00 handle in the US open after worse than expected US data and with the EUR recording significant gains on the dollar.

EUR/JPY was mirroring the USD/JPY in this mornings buy fix with highs 132.40 and had been settling back in afternoon trade as EUR/USD was testing session lows. It has fallen through the support at 131.70 and SMA’s 100 and 200 levels, where EMA5 now offers as a support in the 131.50 territory. The pair has not reached the psychological figure, 131.00 yet. 131.00 would act as support where the bullish flag began on Thursday of last week. 132.00 and 131.70 come in as resistance. The market will be continuing to look for further outcomes in the USD/JPY and EUR/USD as the main drivers for this pair in the absence anything in the way of market moving data for the Eurozone for the time being.

Forex Flash: Dollar Index trading at 2013 highs - BBH

Brown Brothers Harriman analysts note that the Dollar Index is trading at new 2013 highs, encouraged by the continuing sell-off of the yen and the weaker than expected euro area GDP, which contracted by 0.2% in Q1.
अधिक पढ़ें Previous

Forex Flash: Does the JGB sell-off matter? - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that weekly change in the 10yr JGB yield shows that they have jumped, in relative terms, faster than any other asset market, even if they are ‘only’ at 85bp now.
अधिक पढ़ें Next