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EUR/JPY clinches highs near 133.50

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - A bout of weakness around the Japanese yen is lifting EUR/JPY to the area of session tops in the mid-133.00s.

    EUR/JPY attention to PMIs, CPI

    The cross is advancing since Monday following a renewed buying interest around the single currency, managing to regain over a cent after bottoming out in the 133.40/50 band.

    Ahead in the session, flash manufacturing and services PMIs will be in the limelight in the euro area, ahead of the more relevant preliminary inflation figures in the euro region.

    EUR/JPY significant levels

    The cross is up 0.40% at 133.43 facing the next hurdle at 134.09 (downtrend from 139.09) ahead of 134.45 (100-day sma) and then 135.47 (61.8% Fibo of 139.09-129.61). On the other hand, a break below 132.56 (low Dec.11) would aim for 131.84 (23.6% Fibo of 139.09-129.61) and finally 129.72 (low Nov.25).
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