27 Sep 2013
EUR/JPY cracks down to 133.02 lows
FXstreet.com (Chicago) - EUR/JPY stumbled to 133.02 session lows after the Japanese Finance Minister Aso talked about the Prime Minister’s intentions in regards to the corporate tax rate.
EUR/JPY Technical Levels
Aso said Abe is not thinking about an immediate cut in effective corporate tax rate. He added the scale o economic stimulus has not been finalized yet. Earlier in Europe, the ECB’s Coeure said there is easing bias with the possibility to cut rates. Technically speaking, the pair trades at 132.12 and is navigating between supports aligned at 132.91 (September 25th lows), 132.61 (September 17th highs) ahead of 132.15 (September 16th highs) and resistances set at 133.33 (September 19th lows), 133.80 (September 25th highs) followed by 134.28 (September 10th highs). According to the FXstreet.com, the pair is slightly bearish on one-hour timeframe analysis and trades below the EMA20.
EUR/JPY Technical Levels
Aso said Abe is not thinking about an immediate cut in effective corporate tax rate. He added the scale o economic stimulus has not been finalized yet. Earlier in Europe, the ECB’s Coeure said there is easing bias with the possibility to cut rates. Technically speaking, the pair trades at 132.12 and is navigating between supports aligned at 132.91 (September 25th lows), 132.61 (September 17th highs) ahead of 132.15 (September 16th highs) and resistances set at 133.33 (September 19th lows), 133.80 (September 25th highs) followed by 134.28 (September 10th highs). According to the FXstreet.com, the pair is slightly bearish on one-hour timeframe analysis and trades below the EMA20.