Back
26 Feb 2015
EUR/JPY dips below 134.00
FXStreet (Mumbai) - The EUR/JPY pair extended losses post the release of US data to trade below 134.00 levels. The upbeat US Durable goods data along with the sticky core inflation hurt the shared currency more than the Japanese Yen.
EUR/JPY: Breaches key support
The pair has breached the key support at 133.92 (Feb. 17 low) after the upbeat Durable goods orders data in the US weakened the EUR/USD pair to 1.1232; down 1.14%. On the other hand, the Japanese Yen weakened just 0.31% against the US dollar to trade at 119.22 per US dollar. Moreover, the rising Treasury yields in the US weighed more heavily on the shared currency compared to the Japanese Yen. The 10-year yield in the US has recovered losses to trade at 1.995%, up 2.6 basis points.
EUR/JPY Technical Levels
The pair currently trades at 133.89; down 0.85% for the day. The immediate support is seen at 133.50, under which losses could be extended to 132.68 levels. On the other hand, resistance is seen at 134.75 and 135.35 levels.
EUR/JPY: Breaches key support
The pair has breached the key support at 133.92 (Feb. 17 low) after the upbeat Durable goods orders data in the US weakened the EUR/USD pair to 1.1232; down 1.14%. On the other hand, the Japanese Yen weakened just 0.31% against the US dollar to trade at 119.22 per US dollar. Moreover, the rising Treasury yields in the US weighed more heavily on the shared currency compared to the Japanese Yen. The 10-year yield in the US has recovered losses to trade at 1.995%, up 2.6 basis points.
EUR/JPY Technical Levels
The pair currently trades at 133.89; down 0.85% for the day. The immediate support is seen at 133.50, under which losses could be extended to 132.68 levels. On the other hand, resistance is seen at 134.75 and 135.35 levels.