Back
28 Mar 2014
EUR/JPY testing 140.00
FXStreet (Edinburgh) - The selling interest around the EUR is now hurting the EUR/JPY, dragging it to fresh weekly lows in levels sub-140.00.
EUR/JPY in 3-week lows
Softer-than-expected Spanish inflation figures would be behind the steep down-move, with the preliminary HICP posting an annual contraction of 0.2% vs. forecasts for a 0.1% gain and down from 0.1%. Retail sales in the Mediterranean country also disappointed investors, contracting 0.5% in a year to February. Next of note in the EMU would be Consumer Confidence and Economic Sentiment, both expected to improve a tad in March.
EUR/JPY relevant levels
As of writing the cross is losing 0.22% at 140.09 with the next support at 140.00 (psychological level) ahead of 139.71 (daily cloud base). On the flip side, a breakout of 141.04 (high Mar.27) would aim for 141.18 (10-d MA) and finally 141 37 (21-d MA).
EUR/JPY in 3-week lows
Softer-than-expected Spanish inflation figures would be behind the steep down-move, with the preliminary HICP posting an annual contraction of 0.2% vs. forecasts for a 0.1% gain and down from 0.1%. Retail sales in the Mediterranean country also disappointed investors, contracting 0.5% in a year to February. Next of note in the EMU would be Consumer Confidence and Economic Sentiment, both expected to improve a tad in March.
EUR/JPY relevant levels
As of writing the cross is losing 0.22% at 140.09 with the next support at 140.00 (psychological level) ahead of 139.71 (daily cloud base). On the flip side, a breakout of 141.04 (high Mar.27) would aim for 141.18 (10-d MA) and finally 141 37 (21-d MA).