13 May 2015
EUR/JPY rises to test 135.30
FXStreet (Córdoba) - EUR/JPY managed to hold above 134.00 and bounced to the upside, reaching a fresh daly high after Wall Street opening bell at 135.31. The pair is testing an important short term support area located around 135.30.
A stronger euro across the board pushed the pair to the upside. But so far the rally has been capped by 135.30. A break higher could open the doors for a rise toward 135.70 (May 6 high).
Currently the pair trades at 135.20, up 0.60% for the day. It remains near the highs despite the decline of USD/JPY, that fell to 119.02, the lowest level in two weeks.
A stronger euro across the board pushed the pair to the upside. But so far the rally has been capped by 135.30. A break higher could open the doors for a rise toward 135.70 (May 6 high).
Currently the pair trades at 135.20, up 0.60% for the day. It remains near the highs despite the decline of USD/JPY, that fell to 119.02, the lowest level in two weeks.