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EUR/JPY retreats from 143.00

FXStreet (Córdoba) - EUR/JPY rose toward 143.00 after the release of the US employment report but failed to break higher and turned to the downside, as the yen strengthened across the board.

Price broke below 142.50 and dropped to 142.31, reaching a fresh daily low. The pair remains near yesterday’s lows that lie at 142.16, but around the level it had at the beginning of the day.

EUR/JPY stabilizing

After rising during four days in a row, EUR/JPY fell yesterday, after reversing from 10-month highs and today so far, moved within yesterday’s range, showing signs of stabilization.

The pair is headed toward the fourth weekly gain in a row and the second highest close of the year. Despite rising on Friday across the board, the yen during the week fell sharply in the market.

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