OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/JPY retakes 130 handle

FXStreet (Mumbai) - The EUR/JPY pair is back above 130.00 levels in the early Europe as the common currency turned a blind eye towards the weak German retail sales data.

Trades around hourly 50-MA

The cross clocked a high of 130.06, before settling around the hourly 50-MA located at 130.01 levels. An unexpected drop of 0.4% m/m in German retail sales received a lukewarm response from the markets.

The EUR remained resilient, bu the gains are being capped by the demand for Yen amid cautious tone in the Asian equities. Meanwhile, the European futures too are trading on a cautious note. The traders now await the preliminary German CPI number due later today.

EUR/JPY Technical Levels

Above the hourly 50-MA at 130.01, the pair could face an immediate resistance at 130.17 (hourly 100-MA). A brak higher would open doors for 130.71 (hourly 200-MA). On the other hand, support is seen at 129.66 (previous day’s low) and 129.00 levels.

Sweden: Market pricing in big surprise from Q3 GDP figures – TDS

Research Team at TDS, suggests that Swedish Q3 GDP is expected to post an upside surprise to the consensus of +0.4% q/q.
Read more Previous

EUR/USD forecasts: focus on German CPI – Commerzbank and Danske Bank

EUR/USD remains below the 1.06 handle at the beginning of the week, while market participants have shifted their focus to the flash German CPI for the current month...
Read more Next
Start livechat