OctaFX | OctaFX Forex Broker
Sign in
Open account
Back

EUR/JPY rebounds sharply from 8-month lows

FXStreet (Córdoba) - The EUR/JPY reversed dramatically and turned to the upside. During the Asian session fell to 135.70 hitting the lowest price since November 2013 but then recovered ground and rose back above 136.00.

On European hours continued moving to the upside and recently spiked higher, climbing to 136.85. Price remains near daily highs ahead of the end of the week, up 45 pips for the day.

The EUR/JPY is erasing yesterday's losses and is gaining ground for the first time in a week, but still down for where it was seven days ago. With the recent recovery the pair has been able to avoid the lowest weekly close in 8-months.

EUR/USD comes with a bearish outlook

EUR/USD is trading at 1.3413, up 0.37% on the day, having posted a daily high at 1.3433 and low at 1.3344.
Read more Previous

GBP/USD technically bearish - Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank gives us a technical analyses of GBP/USD.
Read more Next
Start livechat