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EUR/JPY waning a little on FOMC

FXStreet (Guatemala) - EUR/JPY is trading at 147.92, up 0.93% on the day, having posted a daily high at 148.14 and low at 146.37.

EUR/JPY is starting to develop a bearish tip to the consolidation pattern taking place at the recent highs that were made of late. The FOMC’s minute’s main headline was the need to remain on alert for a fall in longer-term inflation expectations. This has dampened the greenback a little while otherwise, it was simply a non-hawkish event. There are no great shakes here and USD pairs remain in tight consolidative ranges.

Spot is presently trading at 147.92, and next resistance can be seen at 148.94 (Daily Classic R3) and 150.76 (Weekly Classic R3). Next support to the downside can be found at 147.83 (Daily Classic R2), 147.25 (Hourly 20 EMA), 147.20 (Daily Classic R1), 146.99 (Weekly Classic R1) and 146.73 (Yesterday's High).

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