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EUR/JPY consolidates below 144.00

FXStreet (Córdoba) - The euro is falling on Wednesday against the yen, erasing part of yesterday’s gains. EUR/JPY bottomed during the European session at 143.32 and currently trades at 143.60, down 0.32% for the day.

EUR/JPY reverses from 2014 highs

During the Asian session the pair climbed to 144.68 reaching a fresh 2014 high but failed to hold. Initially found support at 143.75 but then broke below and dropped to 143.35.

Since European hours the pair has been trading sideways in a range with support at 143.30/35 and resistance at 143.80/85. EUR/JPY is consolidating, after making a bearish correction of the 250-pip rally from Monday’s low at 142.08 to 144.68.

NZD/USD unable to hold 0.7900 prices

The New Zealand dollar rose 70 pips from 0.7835 to break above 0.7900 and publishing maximum 2-week highs at 0.7905 against the US Dollar. However, the NZD/USD was unable to maintain its value after finding selling interest at this level and is now trading back to 0.7880.
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