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20 Feb 2014
EUR/JPY trims losses, ens far from lows
FXStreet (Córdoba) - The EUR/JPY managed to recover and trimmed losses, finishing the day around 140.35, slightly lower but far from the lows.
EUR/JPY repeats on Thursday
The pair showed a similar behavior on Wednesday and on Thursday. Both days the price fell during the Asian and the first hours of the European session and bounced afterwards trimming losses.
During yesterday’s European session the EUR/JPY bottomed at 139.20 (3-day low) but then bounced sharply to the upside rising more than a hundred pips, boosted by a weak Yen, ending the day above 140.00.
Despite posting the second daily decline in a row the EUR/JPY is still headed toward a weekly gain of around 100 pips.
EUR/JPY repeats on Thursday
The pair showed a similar behavior on Wednesday and on Thursday. Both days the price fell during the Asian and the first hours of the European session and bounced afterwards trimming losses.
During yesterday’s European session the EUR/JPY bottomed at 139.20 (3-day low) but then bounced sharply to the upside rising more than a hundred pips, boosted by a weak Yen, ending the day above 140.00.
Despite posting the second daily decline in a row the EUR/JPY is still headed toward a weekly gain of around 100 pips.