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EUR/JPY recovers from 2014 low

FXStreet (Córdoba) - EUR/JPY found support and rebounded from the 135.00 area as the euro staged a recovery across the board during the New York session.

EUR/JPY bottomed out at 135.03 on the back of disappointing Eurozone data, where it printed its lowest level in nearly 11 months, but buyers defended the psychological level and sent EUR/JPY back to the 135.60 zone. The shared currency has cut recent losses against the yen, but remains 0.42% down on the day.

EUR/JPY technical levels

As for technical levels, EUR/JPY could find immediate resistances at 136.53 (Oct 14 high), 136.86 (10-day SMA) and 137.00 (psychological level). On the downside, supports are seen at 135.03/00 (Oct 14 low/psychological level), 134.40 (Nov 21 2013 low) and 134.12 (Nov 20 2013 low).

USD/JPY supported on 107 handle

USD/JPY is trading at 107.10, up 0.27% on the day, having posted a daily high at 107.32 and low at 106.67.
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