Back

EUR/JPY bursts to higher aims

FXstreet.com (Chicago) - EUR/JPYbroke immediate resistances at 128.61 and 128.83 to reach 128.92 intraday highs at closing of American trading journey.

Recapitulating worldwide stock market closings, the Nikkei 225 was down 0.70% post weaker-than-expected GDP data. The FTSE100 was down 0.14% similarly to the CAC40 at -0.12%. In the US, the S&P closed with losses at -0.12% alike the Dow 0.04%. The Nasdaq was up 0.27%. The Euro-zone is to publish industrial production data tomorrow along the ZEW economic sentiment in the region. In Japan, BoJ monetary policy meeting minutes and machinery orders results are expected to be released within the next few hours.

Technically speaking, the pair is trading at 128.84 between supports at 128.83 (July 12th lows), 128.61 (July 3rd lows) ahead of 128.48 (June 26th highs) and resistances at 129.09 (June 28th lows), 129.33 (July 31th lows) and 129.72 (August 8th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis.

Session Recap: USD and gold rise on a quiet summer day

The Greenback traded higher on Monday as volume was low across the market and investors were reluctant to take risks. As FXstreet.com chief analyst Valeria Bednarik said in a recent report, "with little behind the movement but a general risk off sentiment."
了解更多 Previous

Beware the Ides of August, USD/JPY downtrend pointing towards 94.00

As we now enter August it is worth noting that the month has certainly been a calamity in years past – indeed, the USD/JPY has fallen in no less than 13 of the last 15 years during this fateful month with 2006 and 2008 being the only exceptions since 1998.
了解更多 Next