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9 Dec 2014
EUR/JPY supported on EUR/USD advances through 1.2400
FXStreet (Guatemala) - EUR/JPY is trading at 147.54, down -0.68% on the day, having posted a daily high at 148.91 and low at 147.54.
EUR/JPY has dropped again and prints lower lows and lower highs on yesterday’s business. The Yen is making a come back across the board while the greenback is being left out to dry off after a number of sessions of continuous gains.
119.20 is being tested in the USD/JPY currently as a result of the sell off in the greenback and further downside will open below 119 until the 117’s which will only add the pressure in the cross. However, the EUR is making good ground on its own as well, supporting the cross to some extent as it currently breaches 1.2400, albeit remain contained in medium term channel.
EUR/JPY has dropped again and prints lower lows and lower highs on yesterday’s business. The Yen is making a come back across the board while the greenback is being left out to dry off after a number of sessions of continuous gains.
119.20 is being tested in the USD/JPY currently as a result of the sell off in the greenback and further downside will open below 119 until the 117’s which will only add the pressure in the cross. However, the EUR is making good ground on its own as well, supporting the cross to some extent as it currently breaches 1.2400, albeit remain contained in medium term channel.