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Jun 3, 2013
EUR/JPY inches lower to session lows at 130.32/34
FXstreet.com (Barcelona) - The EUR/JPY has extended the downside Monday, moving towards fresh intraday lows at the 130.32/34 level at the time of writing.
During European trading, the EUR/JPY has been unable to effectively mount any manner of recovery, instead falling over 20 pips in recent moments, and suffering a loss of -0.11% off its opening.
In terms of the technical levels, Mataf.net analysts point to supports for pair at 129.91, ahead of 129.19, and ultimately 128.10. Conversely, a movement above the 131.72 mark will initiate short-term resistances at 132.81 and 133.53.
Earlier today in the EMU, Markit Manufacturing PMI (May) came in at 48.3, beating estimates of 47.8. Meanwhile, in Germany, Markit Manufacturing PMI was reported at 49.4 in May, exceeding expectations of only 49.0.
During European trading, the EUR/JPY has been unable to effectively mount any manner of recovery, instead falling over 20 pips in recent moments, and suffering a loss of -0.11% off its opening.
In terms of the technical levels, Mataf.net analysts point to supports for pair at 129.91, ahead of 129.19, and ultimately 128.10. Conversely, a movement above the 131.72 mark will initiate short-term resistances at 132.81 and 133.53.
Earlier today in the EMU, Markit Manufacturing PMI (May) came in at 48.3, beating estimates of 47.8. Meanwhile, in Germany, Markit Manufacturing PMI was reported at 49.4 in May, exceeding expectations of only 49.0.