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EUR/JPY keeps highs near 133.60

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - The Japanese yen keeps depreciating vs. its G10 peers at the end of the week, now sending EUR/JPY to the area of session highs around 133.60.

    EUR/JPY indifferent to German CPI

    In spite of today’s advance, the pair continues to navigate the lower bound of the weekly range, coming down from post-ECB peaks near 134.60 albeit finding decent support in the mid-132.00s for the time being.

    Data wise in Euroland, markets have largely bypassed German CPI for the month of November, matching the preliminary prints.

    EUR/JPY significant levels

    The cross is up 0.26% at 133.41 facing the next hurdle at 134.15 (200-day sma) ahead of 134.56 (100-day sma) and then 135.47 (61.8% Fibo of 139.09-129.61). On the other hand, a break below 133.23 (38.2% Fibo of 139.09-129.61) would aim for 131.84 (23.6% Fibo of 139.09-129.61) and finally 129.72 (low Nov.25).
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