OctaFX | OctaFX Forex Broker
Open trading account
Back

EURJ/JPY falls to test range to the downside at 139.75

FXStreet (San Francisco) - The EUR/JPY is currently testing the lower part of the 139.70/140.20 range as the pair declined 50 pips in the last hour amid weaker than expected European consumer confidence and Draghi's words that the Eurozone recovery is losing momentum.

Currently, EUR/JPY is trading at 139.75, down 0.08% on the day, having posted a daily high at 140.23 and low at 139.75. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is neutral.

EUR/JPY levels

If the EUR/JPY breaks below the 139.70, it will face next supports are at 139.15 and 139.00. On the upside, resistances are at 140.20, 140.60 and 141.20.

Fed's Dudley: US economy needs to strengthen further before rates are moved

Speaking at the Bloomberg Markets Summit New York Fed president and FOMC vice-chair William Dudley signaled that there was no rush to move rates in the light of subdued inflation expectations and weak global growth. He suggested that it was necessary to wait for clearer signs of the strengthening of the US economy before taking action.
Read more Previous

Gold hovering around $1,215

Spot gold dropped during the Asian session to $1,208/oz, reaching the lowest price since the beginning of the year.
Read more Next
Start livechat