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EUR/JPY post lowest close since November

FXStreet (Córdoba) - The ECB decision to cut rates pushed the euro sharply to the downside across the board, even against the yen. EUR/JPY posted the lowest daily and weekly close since November 2013.

Price was holding above 136.00 but after the release of the NFP report fell to 135.80, Friday’s lowest price. Then rebounded slightly and rose toward 136.00, where it was trading near Wall Street closing bell.

Despite falling EUR/JPY was able to hold above August lows that lie at 135.70. The mentioned area has become and important support in the short term. To the upside the key resistance is located between 138.00 and 138.25 (September 3 high).

EUR/USD consolidates below 1.3000

After the release of the NFP EUR/USD rose to 1.2985 but failed to hold near the highs and pulled back toward 1.2950. Since the beginning of the American session it has remained steady around 1.2975 and 1.2940, consolidating near 14-month lows.
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USD/CHF highest weekly close since Sep 2013

Greenback rose more than a hundred pips against the Swiss franc since Monday and posted the highest weekly close since September 2013.
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