EUR/JPY keeps highs near 135.70

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - EUR/JPY has managed to clinch session tops around 135.70 during the Asian session, although the upside lost some vigour afterwards.

    EUR/JPY attention to Kuroda

    The cross has dropped from the area of weekly highs near 137.00 following the selling pressure around the European currency on Thursday, although buyers seem to have clustered around the 134.90 area so far.

    In the data space, EMU’s final CPI figures for the month of September are due later, while Governor H.Kuroda’s will hold a press conference later.

    EUR/JPY significant levels

    The cross is now advancing 0.20% at 135.61 with the next hurdle at 135.98 (100-day sma) followed by 136.78 (downtrend from September top) and then 137.44 (monthly high Sep.17). On the flip side, a breach of 134.47 (200d-sma) would aim for 134.28 (uptrend from August low) and finally 133.19 (low Sep.22).
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