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3 Jul 2014
EUR/JPY inches higher after ECB
FXStreet (Córdoba) - The EUR/JPY edged slightly higher and continued to trade above 139.00 near 3-week highs after the European Central Bank decided to keep its monetary policy unchanged as widely expected.
The ECB decided to leave the main refinancing operations rate, the marginal lending facility rate and the deposit unchanged at 0.15%, 0.40% and -0.10% respectively after June cuts.
The EUR/JPY moved only a few pips higher and it is currently trading at the 139.13 area, 0.11% above its opening price, after pulling back from a 3-week high of 139.27 scored earlier.
EUR/JPY technical levels
As for technical levels, next resistances for EUR/JPY are seen at 139.40 (Jun 10 high) and 139.60 (50-day SMA). On the other hand, supports could be found at 138.97 (Jul 3 low), 138.53 (Jul 2 low) and 138.09 (Jun 30 low).
The ECB decided to leave the main refinancing operations rate, the marginal lending facility rate and the deposit unchanged at 0.15%, 0.40% and -0.10% respectively after June cuts.
The EUR/JPY moved only a few pips higher and it is currently trading at the 139.13 area, 0.11% above its opening price, after pulling back from a 3-week high of 139.27 scored earlier.
EUR/JPY technical levels
As for technical levels, next resistances for EUR/JPY are seen at 139.40 (Jun 10 high) and 139.60 (50-day SMA). On the other hand, supports could be found at 138.97 (Jul 3 low), 138.53 (Jul 2 low) and 138.09 (Jun 30 low).