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EUR/JPY downside hit below 135.00 as recovery fails

FXStreet (Guatemala) - EUR/JPY is currently trading at 134.58 with a high of 134.94 and a low of 134.52.

EUR/JPY has followed suit of the Yen crosses losing out to the risk-off mood in the current climate and the Nikkei opening lower as investors scramble for safe havens and away from equities as seen in the European market overnight and Wall Street.

EUR/JPY has dropped from the region of the 134.80 level having failed at the upside to the highs of 134.93 and is currently threatening the mid-point of the handle with 133.18 as next stop and technical indicators supporting a bearish bias with plenty downside to go.

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