OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY wobbles around 130.80

FXStreet (Edinburgh) - EUR/JPY is trading almost unchanged around the 130.80 level at the beginning of the week, amidst thin trade and lack of volatility in the global markets.

EUR/JPY focus on PMIs, Fed

Volatility in the cross remains flat following today’s inactivity in the Japanese markets, while the preliminary manufacturing and services PMIs during November will take centre stage in Euroland.

On another direction, today’s Fed’s close meeting will be in the limelight as well, in light of the potential rate hike in December.

EUR/JPY significant levels

The cross is flat 130.82 and a break below 130.59 (low Nov.16) would expose 130.12 (low Jan.26) and finally 130.00 (psychological level). On the flip side, he next resistance lines up at 133.23 (high Nov.6) followed by 134.27 (200-day sma) and finally 134.97 (100-day sma).

GBP/USD Bulls are losing momentum

GBP/USD Bulls are losing momentum
Read more Previous

China’s monetary policy is in transition – PBOC Deputy Governor Yi

The People's Bank of China (PBOC) Deputy Governor Yi Gang said over the weekend PBOC that interest and exchange rates are expected to gain bigger significance in future as monetary policy framework is in transition.
Read more Next
Start livechat