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12 Dec 2014
EUR/JPY fails to hold above 148.00
FXStreet (Córdoba) - EUR/JPY jumped after the beginning of the American session as the yen weakened across the board and climbed to 148.16 reaching the strongest level since Wednesday.
But the pair failed to hold above 148.00 as the USD/JPY retreated from 119.10 to 118.65 while EUR/USD remained steady above 1.2450, near daily highs.
EUR/JPY unable to erase losses
Despite rising for the second day in a row on Friday the euro is headed toward a weekly decline versus the yen ahead of Japanese elections as currently trades at 147.80.
The pair is about to post the first weekly loss after rising consecutively during the previous eight weeks.
But the pair failed to hold above 148.00 as the USD/JPY retreated from 119.10 to 118.65 while EUR/USD remained steady above 1.2450, near daily highs.
EUR/JPY unable to erase losses
Despite rising for the second day in a row on Friday the euro is headed toward a weekly decline versus the yen ahead of Japanese elections as currently trades at 147.80.
The pair is about to post the first weekly loss after rising consecutively during the previous eight weeks.