OctaFX | OctaFX Forex Broker
Anmelden
Konto eröffnen
Back

EUR/JPY stuck within range, near 134.40

FXStreet (Edinburgh) - The sideline pattern in both the Japanese yen and the single currency are prompting EUR/JPY to consolidate within the daily range around 134.40.

EUR/JPY unmoved by data

The cross has paid little attention to the generalized auspicious results from the German IFO indicator for the current month, while the return of the activity to the Japanese markets after 3-day holidays has passed largely unnoticed by market participants.

There are no further data releases in Euroland today, although critical Japanese inflation figures are due at the very beginning of the Asian session tomorrow. Market consensus sees the National CPI ex-Fresh Food contracting at an annual pace of 0.1% during August.

EUR/JPY levels to consider

The cross is now losing 0.09% at 134.41 with the next support at 134.00 (low Sep.24) followed by 133.16 (low Sep.23) and then 132.23 (low Sep.4). On the other hand, a breakout of 134.69 (high Sep.24) would expose 134.92 (high Sep.22) and finally 136.14 (high Sep.21).

Brazil: Heading towards economic meltdown – TDS

Cristian Maggio, Head of Emerging Markets Strategy at TD Securities, notes that the BRL gave up another 3.1% vs $ in the worst single-day move since 2011 and very few signs suggest that today will be better than yesterday.
Mehr darüber lesen Previous

USD: Get ready for upside irrespective of lift-off timing - Westpac

Sean Callow, Research Analyst at Westpac, suggests that regardless of when exactly the Fed tightens, the mere prospect of such action seems enough to underpin USD through Q4.
Mehr darüber lesen Next
Livechat starten