3 Aug 2015
EUR/JPY points toward 135.50
FXStreet (Córdoba) - EUR/JPY is falling on Monday after trading during most of the day in positive territory and is moving with a bearish bias below 136.00.
EUR/JPY unable to hold above 136.00
The pair rose during the Asian session to 136.44 and then pulled back modestly, initially the area around 136.00 offered support but recently broke below and bottomed at 135.85, reaching a fresh daily low.
The pair is holding bearish bias on a quiet session. The next important support is located at 135.50/55 (July 24, 30 low), a break lower could trigger another decline.
A stronger yen in the market pushed EUR/JPY to the downside. While EUR/USD remains steady hovering around 1.0960, USD/JPY weakened and dropped below 124.00, erasing all gains.
EUR/JPY unable to hold above 136.00
The pair rose during the Asian session to 136.44 and then pulled back modestly, initially the area around 136.00 offered support but recently broke below and bottomed at 135.85, reaching a fresh daily low.
The pair is holding bearish bias on a quiet session. The next important support is located at 135.50/55 (July 24, 30 low), a break lower could trigger another decline.
A stronger yen in the market pushed EUR/JPY to the downside. While EUR/USD remains steady hovering around 1.0960, USD/JPY weakened and dropped below 124.00, erasing all gains.