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EUR/JPY holding onto the 137 handle

FXStreet (Guatemala) - EUR/JPY is trading at 137.02, up 0.09% on the day, having posted a daily high at 137.65 and low at 136.77.

EUR/JPY is attempting to hold onto the 137 handle into the closing hours of the week's session, having made over a cent in gains on the week. However, analysts at HSBC explained that they simply do not believe the grounds on which the consensus is bearish Yen. “We do not expect the BoJ to add to its stimulus until well into 2015, and in any event engineering Yen weakness through the printing press is already less politically palatable”.

EUR/JPY hourly levels

Current price is 137.06, with resistance ahead at 137.12 (Hourly 20 EMA), 137.15 (Daily 20 SMA), 137.20 (Daily Classic R1), 137.47 (Daily Classic R2). Next support to the downside can be found at 137.00 (Daily Classic PP), 136.93 (Weekly High), 136.88 (Hourly 100 SMA) and 136.83 (Weekly Classic PP).

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