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EUR/JPY breaks below 136.00

FXStreet (Córdoba) - The euro continues to weaken against the yen, having fallen to a fresh weekly low, on reports that the ECB is discussing corporate bonds buying, which would expand its balance sheet and bypass banks in the transmission of policy.

EUR/JPY extended its decline to below 136.00 and hit its lowest level since last Thursday at 135.68 in recent dealings. At time of writing, EUR/JPY is trading at the 135.80 area, recording a 0.78% loss Tuesday, following four consecutive days of rising.

EUR/JPY levels to watch

As for technical levels, EUR/JPY could find next supports 135.02/00 (Oct 14 low/psychological level) and 134.13 (2014 low Oct 16). On the flip side, resistances could be faced at 137.00 (Oct 20 high/psychological level) and 137.20 (20-day SMA).

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