OctaFX | OctaFX Forex Broker
Anmelden
Konto eröffnen
Back

EUR/JPY in red, testing 136.50

FXStreet (Edinburgh) - The renewed tone around the Japanese yen is dragging EUR/JPY to test session lows in the mid-136.00s despite the buying bias in EUR.

EUR/JPY down from 135.70

After clinching fresh highs near 137.50 in the wake of the FOMC no-hike decision, the cross has sparked the current leg lower to the 136.50 area against a backdrop of a solid demand for the safe haven JPY.

Data wise, the BoJ minutes have shown renewed concerns over the economic prospects for China and the rest of the emerging markets, seen as a potential threat for the domestic growth.

EUR/JPY important levels

As of writing the cross is down 0.57% at 136.46 and a breakout of 137.44 (high Sep.17) would expose 137.59 (high Aug.26) and then 138.50 (high Aug.25). On the flip side, the immediate support lines up at 134.88 (low Sep.10) followed by 134.25 (low Sep.9) and finally 133.25 (low Sep.8).

Treasury yield curve flattens, pointing to recession or low inflation?

The treasury yield curve in the US flattened, with long duration yields dropping more than short duration yields after the Fed took a surprisingly dovish turn on Thursday.
Mehr darüber lesen Previous

GBP/USD: Bulls unstoppable near 1.5650, USD keeps falling

The increasing offered tone on the US currency on the back of falling treasury yields, drives GBP/USD through the roof beyond 1.56 handle.
Mehr darüber lesen Next
Livechat starten