OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/JPY eases to 134.70 ahead of European open

FXStreet (Edinburgh) - After hitting overnight peaks near 135.00 the figure, the upside momentum in EUR/JPY seems to have lost some vigour and is now deflating towards the 134.70 area.

EUR/JPY looks to PMI for direction

Absent releases in the Japanese docket and with traders still digesting the miserable prints from Friday’s Non-farm Payrolls (142K), today’s Services PMIs in Euroland and the upcoming EcoFin and Eurogroup meeting are poised to be the main drivers of the pair’s price action in the near term.

In the meantime, the cross is advancing for the third session in a row, managing to bounce off last week’s troughs in the 133.40 region.

EUR/JPY significant levels

The cross is no up 0.21% at 134.80 facing the next resistance at 134.90 (high Oct.5) ahead of 135.11 (high Sep.29) and finally 136.14 (high Sep.21). On the other hand, a breakdown of 134.41 (low Oct.2) would expose 133.78 (low Oct.1) followed by 133.57 (low Sep.30).

Ireland Purchasing Manager Index Services up to 62.4 in September from previous 62.1

Ireland Purchasing Manager Index Services up to 62.4 in September from previous 62.1
Read more Previous

AUD/USD re-attempts 20-DMA on the upside, RBA in focus

The Australian dollar keeps its bullish momentum intact against its American peer in the early moves, pushing AUD/USD to fresh session highs beyond 0.70 handle.
Read more Next
Start livechat