Wednesday, September 16, 2015

EUR/JPY bounces off 135.50

FXStreet (Edinburgh) - After testing intraday lows in the mid-135.00s, EUR/JPY is now advancing to the 135.70/80 band, trimming the earlier pullback.

EUR/JPY upside halted at 135.80

The Japanese yen is now depreciating vs. its main rivals, allowing the current rebound while markets are getting ready for the European open. The cross is retreating for the third consecutive session after being rejected from recent tops around 137.00 the figure.

The BoJ monthly report has passed largely unnoticed today, while EMU’s CPI and in inflation figures in the US economy will be the exclusive drivers in today’s session.

EUR/JPY important levels

As of writing the cross is losing 0.03% at 135.65 facing the next support at 134.88 (low Sep.10) followed by 134.25 (low Sep.9) and finally 133.25 (low Sep.8). On the other hand, a surpass of 136.43 (high Sep.15) would aim for 136.72 (high Sep.14) and then 136.92 (high Sep.11).
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