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3 Mar 2015
EUR/JPY wavers around 134
FXStreet (Mumbai) - EUR/JPY erased previous gains and edged lower during the late-Asian session, mainly as the yen outperforms the shared currency on the back of bullish Japanese wages report.
EUR/JPY trades above 5-DMA
Currently, the EUR/JPY cross traded lower at 134.03 levels, recovering from fresh session lows recorded at 133.88 levels few hours ago. The cross in EUR/JPY gave back gains and fell further in to red after the Japanese yen regained ground across the board on upbeat Japanese macro data coupled with government's Adviser Honda pro-exchange rate comments.
On the other hand, a minor recovery in the euro versus the US dollar cushioned the losses in the EUR/JPY cross. As of writing, USD/JPY trades higher by -0.40% at 119.66 levels, while EUR/USD trades higher by 0.12% at 1.1196.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134.38 and above which it could extend gains to at 134.62 levels. To the downside immediate support might be located at 133.50 levels below that at 133 levels.
EUR/JPY trades above 5-DMA
Currently, the EUR/JPY cross traded lower at 134.03 levels, recovering from fresh session lows recorded at 133.88 levels few hours ago. The cross in EUR/JPY gave back gains and fell further in to red after the Japanese yen regained ground across the board on upbeat Japanese macro data coupled with government's Adviser Honda pro-exchange rate comments.
On the other hand, a minor recovery in the euro versus the US dollar cushioned the losses in the EUR/JPY cross. As of writing, USD/JPY trades higher by -0.40% at 119.66 levels, while EUR/USD trades higher by 0.12% at 1.1196.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134.38 and above which it could extend gains to at 134.62 levels. To the downside immediate support might be located at 133.50 levels below that at 133 levels.