29 Jul 2013
EUR/JPY sidelined at 50d ma
FXstreet.com (London) - EUR/JPY is sidelined around the 50d ma, 129.83.
EUR/JPY has been drifting slightly on the offer having gapped from just below 131.00 Fri/Mon opening. “The BoJ’s Kuroda’s comments that the bank’s economic forecasts are unlikely to be changed by the expected sales tax hikes, and expectations for some announcement there from the government in August weighed on the Nikkei, though, and have seen JPY strength the outperformer”, said Richard Kelly, Head of European Rates and FX Research at TD Securities.
EUR/JPY levels
EUR/JPY has the 20d ma at 130.50, 50d ma at 129.83 and the 200d ma at 121.21. RSI (9) reads 43.69. Supports are 128.65, 128.91, 129.42, 129.77 and resistances are 130.52, 130.88, 131.50, and 132.01.
EUR/JPY has been drifting slightly on the offer having gapped from just below 131.00 Fri/Mon opening. “The BoJ’s Kuroda’s comments that the bank’s economic forecasts are unlikely to be changed by the expected sales tax hikes, and expectations for some announcement there from the government in August weighed on the Nikkei, though, and have seen JPY strength the outperformer”, said Richard Kelly, Head of European Rates and FX Research at TD Securities.
EUR/JPY levels
EUR/JPY has the 20d ma at 130.50, 50d ma at 129.83 and the 200d ma at 121.21. RSI (9) reads 43.69. Supports are 128.65, 128.91, 129.42, 129.77 and resistances are 130.52, 130.88, 131.50, and 132.01.