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EUR/JPY falls to 137.15

FXStreet (Córdoba) - The euro is trimming yesterday’s gains versus the yen as the Japanese currency remains strong in the market. EUR/JPY printed a fresh daily low at 137.15 ahead of Wall Street opening bell.

On Wednesday the pair peaked at 137.92, highest in a week but near the 138.00 area lost momentum. During the Asian session moved to the downside and bounced to the upside on European hours but the recovery was short lived and in the last hours dropped from 137.80 toward 137.00.

EUR/JPY levels to watch

Currently trades at 137.25, almost 40 pips below yesterday’s closing price. To the downside immediate support might be located at 137.00/05 (Oct 6 low) and below here at 136.65 and 136.50/55 (Oct 7 low). If the pair bounces to the upside, potential resistance levels lie at 137.55 (intraday), 137.75 (European session high) and 137.95 - 138.00.

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