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Forex: EUR/JPY extends gains to 130.00

FXstreet.com (Córdoba) - The yen weakened on Friday, with the euro extending gains to 130.00, after Japan's Finance Minister Aso said on Thursday the G20 has understand that Japan's monetary easing is aimed at beating deflation and not at weakening the yen.

EUR/JPY rose over 200 pips throughout the day and hit a high of 130.03 before the rally lost steam. At time of writing, EUR/JPY is trading around 129.80, where it is 1.4% above its opening price.

As for technical levels, if EUR/JPY manages to break decisively above the 130.00 area, next resistances are seen at 130.80 (high Apr 12) and 131.10 (2013 high Apr 11). On the downside, supports could be found at 129.00 (psychological level and 200-hour SMA), followed by 128.05 (intraday low).

Forex Flash: AUD/USD negative outlook towards 1.0204/16 and 1.0116 – Commerzbank

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