OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY posts lowest close since November

FXStreet (Córdoba) - The EUR/JPY bounced sharply on Thursday and fell 230 pips from daily highs at 138.00 and bottomed at 135.95. During the American session stabilized and moved slightly away from the lows to 136.30/35.

The pair ended Thursday trading around 136.10/15, posting the lowest daily close in 10 months, with a decline of 160 pips. It was the first trading day since March that the euro lost more than a hundred pips versus the yen. The european currency had the worst day in years in the market, weakened by ECB actions.

EUR/JPY bearish potential holds

Valeria Bednarik, Chief Analyst at FXStreet notes that the pair faltered in its recovery around the 138.40 zone, a key level: “As long as below, the bearish potential will remain intact and having corrected towards that level this week, chances turned to fresh lows below 135.73 one posted in August.”

US stocks eased earlier gains and closed negative; EUR/USD below 1.30

Wall Street closed negative as stocks fade late in the day ahead of Friday's employment report. The S&P 500 logged its first 3-day lost streak in 3 months. The EUR/USD fell below 1.3000 for first time since July 2013.
Read more Previous

Session Recap: Whatever it push... the Euro falls the most in 3 years

The EUR/USD declined below the 1.3000 area for first time since 2013 after logging its biggest single day drop since 2011. The ECB cut interest rates and Mario Draghi announced combined ABS and covered bond buying program to begin next month.
Read more Next
Start livechat