29 Jan 2015
EUR/JPY posts fresh session highs
FXStreet (Mumbai) - The common currency rebounded against the Japanese yen, snapping losses from the previous session largely on Euro strength across the board.
Currently, the EUR/JPY pair traded at 133.45 levels, up 0.56% on the day, close to fresh session highs at 133.51 levels posted few minutes ago. The cross in EUR/JPY gained further momentum as the common currency marched higher to record fresh daily highs against the US dollar. On the other hand, the yen continued to lose ground versus the USD as the greenback extends its Fed backed gains. The Federal Open Market Committee (FOMC) described the economic performance as “solid”, pointing out a rapid improvement in the country's labor market which boosted the US dollar.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134.40 and above which it could extend gains to at 135.10 levels. To the downside immediate support might be located at 132.56 levels below that at 132 levels.
Currently, the EUR/JPY pair traded at 133.45 levels, up 0.56% on the day, close to fresh session highs at 133.51 levels posted few minutes ago. The cross in EUR/JPY gained further momentum as the common currency marched higher to record fresh daily highs against the US dollar. On the other hand, the yen continued to lose ground versus the USD as the greenback extends its Fed backed gains. The Federal Open Market Committee (FOMC) described the economic performance as “solid”, pointing out a rapid improvement in the country's labor market which boosted the US dollar.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134.40 and above which it could extend gains to at 135.10 levels. To the downside immediate support might be located at 132.56 levels below that at 132 levels.