OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY comes down from 135.50

FXStreet (Edinburgh) - After clinching session highs in the mid-135.00s during the European morning, EUR/JPY has now quickly given away some gains and returned to the 134.80 area.

EUR/JPY surrenders gains post-ECB

The cross has quickly abandoned the area of daily tops after the European Central Bank has struck a dovish tone in its Accounts today. The ECB still sees downside risks for inflation figures in the euro area, while it remains ready to act on the current QE programme in case of need.

The unexpected tone from the central bank has hurt EUR and prompted sellers to step in and drag the cross back to the 134.80 area, near session lows.

EUR/JPY significant levels

The cross is now losing 0.01% at 134.85 with the next support at 134.44 (200d-sma) followed by 133.86 (up trend from early Sep.) and finally 133.08 (multi-month low Sep.4). On the upside, a surpass of 135.91 (55-d sma) would aim for 136.08 (down trend from mid-Aug tops) and then 137.44 (monthly peaks Sep.17).

USD/CHF struggles to consolidate above 0.9700

USD/CHF climbed above 0.9700 toward fresh session highs as the greenback was supported by upbeat US jobless claims data.
Read more Previous

Oil hesitant to extend gains

Oil prices at both the sides of the Atlantic strengthened moderately, but the gains remain capped after the US reported an unexpected rise in the inventories on Wednesday.
Read more Next
Start livechat