11 Oct 2013
EUR/JPY rises to 133 at Tokyo’s opening
FXstreet.com (Chicago) - EUR/JPY was able to reach the 133.01 ceilings momentarily and now attempts to remain above the 132.90 zone on a strong start on possible US government shutdown finale.
US government shutdown finale?
The possible US deal to end the government shutdown will probably affect the markets throughout the night as continuing conversations were announced by reporters after the earliest meeting was resumed. Senior US House Republican announced there are hopes that an agreement may be reached this Friday in order to extend the debt limit and reopen the government. On earlier data releases in Japan, results were slightly better than expected.
EUR/JPY Technical Levels
Technically speaking, the pair is offered at 132.94 and oscillates between supports aligned at 132.67 (September 24th lows), 132.22 (October 3rd lows) ahead of 131.83 (October 7th highs) and the resistances set at 133.22 (October 4th highs), 133.51 (September 30th highs) followed by 133.91 (September 26th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis above the EMA20.
US government shutdown finale?
The possible US deal to end the government shutdown will probably affect the markets throughout the night as continuing conversations were announced by reporters after the earliest meeting was resumed. Senior US House Republican announced there are hopes that an agreement may be reached this Friday in order to extend the debt limit and reopen the government. On earlier data releases in Japan, results were slightly better than expected.
EUR/JPY Technical Levels
Technically speaking, the pair is offered at 132.94 and oscillates between supports aligned at 132.67 (September 24th lows), 132.22 (October 3rd lows) ahead of 131.83 (October 7th highs) and the resistances set at 133.22 (October 4th highs), 133.51 (September 30th highs) followed by 133.91 (September 26th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis above the EMA20.