EUR/JPY regains 130.00 and above

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - After bottoming out in the 129.80 area in early trade, EUR/JPY has recovered the 130.00 handle and advanced towards the 130.10/15 area so far.

    EUR/JPY attention to EMU docket

    The cross remains unable to gather further traction as of late, immersed in a broad-based EUR weakness and trading in the area of multi-month lows around 130.00 the figure.

    Nothing worth mentioning from the Japanese docket, while the final prints of November’s manufacturing PMIs are due in Euroland followed by German/EMU unemployment rate.

    EUR/JPY significant levels

    The cross is down 0.01% at 130.04 and a break below 129.72 (low Nov.25) would open the door to 126.85 (low Mar.13) and finally 126.05 (low Apr.14). On the other hand, the next hurdle lines up at 132.25 (high Nov.19) ahead of 133.23 (high Nov.6) and then 134.30 (200-day sma).
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