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EUR/JPY pressure coming from above

FXStreet (Guatemala) - Currently, EUR/JPY is trading at 137.54, down -0.09% on the day, having posted a daily high at 137.69 and low at 137.41.

EUR/JPY is under a little bit of pressure here and despite the recent run of soft data from Japan over the past few weeks, the pair has run out of steam as we enter this weeks session. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. In respect of Japan, we will get CPI as the main event and over the weekend, Kuroda said, "We have committed ourselves to continuing the increasingly accommodative stance until the 2 percent inflation target is met and maintained in a sustainable manner. That means inflation expectations are anchored to 2 percent and that may take some more time"

EUR/JPY hourly levels

Spot is presently trading at 137.55, and next resistance can be seen at 137.65 (Hourly 20 EMA) and 137.92 (Monthly High). Support below can be found at 137.50 (Weekly Classic PP), (Hourly 100 SMA) and 137.31 (Daily Classic S1).

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