OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY back below 137.00

FXStreet (Córdoba) - The EUR/JPY continue to decline on Thursday and fell to 136.40, hitting the lowest price in two weeks. After bottoming the pair rebounded and recovered ground but found resistance below 136.85.

The last time the Euro rose against the Yen was last week. Since then it has been moving with a bearsih bias and is about to post the lowest daily close since August 7.

EUR/JPY technical outlook

According to Valeria Bednarik, Chief Analyst at FXStreet, the 4-hour chart shows a bearish outlook, “albeit indicators seem to be losing the downward strength as per turning flat in negative territory: some follow through below mentioned daily low however, exposes the pair to a downward continuation towards 135.70 area, early August lows”.

RBA expected to be unchanged - BAML

Analysts at Bank of America Merrill Lynch previewed next week's Reserve Bank of Australia (RBA) Board meeting and expect them to do nothing.
Read more Previous

Wall Street declines amid Ukraine tensions

US stocks market attempted to recover from early losses but major indexes weren't able to do the whole come back and Wall Street finished Thursday with negative numbers.
Read more Next
Start livechat