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5 Jan 2015
EUR/JPY technicals warn of further downside
FXStreet (Guatemala) - EUR/JPY is trading at 143.81, down -0.55% on the day, having posted a daily high at 144.51 and low at 143.05.
EUR/JPY opened with a sizeable gap to the downside revealing the markets lack of appetite for the euro bloc currency. EUR/USD has made fresh multi year lows scoring a low of 1.1862 s far at the start of this week.
Technicals in the cross are warning of further downside, while the ECB is preparing for further QE and capital moves away from the Eurozone over political risks around Greece also. The flows through the greenback are pressuring both the Yen and EUR, with the upper hand staying with the Japanese currency for now. Support in the pair comes at 143.25 ahead of 142.70.
EUR/JPY opened with a sizeable gap to the downside revealing the markets lack of appetite for the euro bloc currency. EUR/USD has made fresh multi year lows scoring a low of 1.1862 s far at the start of this week.
Technicals in the cross are warning of further downside, while the ECB is preparing for further QE and capital moves away from the Eurozone over political risks around Greece also. The flows through the greenback are pressuring both the Yen and EUR, with the upper hand staying with the Japanese currency for now. Support in the pair comes at 143.25 ahead of 142.70.