OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/JPY clinches highs around 134.00

FXStreet (Edinburgh) - The bid tone around the European currency is helping EUR/JPY to retake the key 134.00 barrier on Wednesday, printing daily peaks at the same time.

EUR/JPY supported at 133.20

The cross is advancing for the second session in a row today, propped up by a renewed sentiment around EUR and extending the brief knee-jerk to the 133.20 area (55-day sma) posted on Monday.

In the data space, German trade surplus has widened to €20.8 billion during October, surpassing prior estimates at €20 billion. In Japan, October’s better-than-expected Machinery Orders have added to the auspicious GDP figures posted on Monday.

EUR/JPY significant levels

The cross is up 0.05% at 134.06 facing the next hurdle at 134.34 (downtrend from 139.09) ahead of 134.61 (100-day sma) and then 135.47 (61.8% Fibo of 139.09-129.61). On the other hand, a break below 133.23 (38.2% Fibo of 139.09-129.61) would aim for 131.84 (23.6% Fibo of 139.09-129.61) and finally 129.72 (low Nov.25).

ECB member speeches and BoE November meeting record in focus – Lloyds Bank

Jonathan Thomas, Senior Economist at Lloyds Bank, lists down the important events and data releases for the day from the UK and European region.
Read more Previous

China CPI increase in November beats expectation, PPI falls for the 45th straight month

Official data released today showed China's Consumer Price Index (CPI) increased 1.5 per cent year on year in November, beating a Reuters poll estimate of 1.4 per cent increase. Substantial rise in the cost of food resulted in better than expected CPI figured. Food CPI increased 2.3 per cent on-year and non-food items rose 1.1 per cent. The National Bureau of Statistics however reported a 5.9 per cent fall in Producer Price Index (PPI).
Read more Next
Start livechat