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ٹریڈنگ خبریں
17 Apr 2015
EUR/JPY drops below 128.00
FXStreet (Mumbai) - EUR/JPY printed a session low of 127.78 levels ahead of the European session, as investors fear bond yields could drop to fresh record lows on Greek concerns.
Trades below 10-DMA
The pair trades below its 10-DMA located at 128.02 after having set a high of 128.33 levels. The shared currency came under pressure on the news that overseas bank subsidiaries have been told to exit Greek debt exposure.
Investors also await the Eurozone CPI data for March, which is likely to show price pressures rebounded month-on-month.
EUR/JPY Technical Levels
The immediate resistance is seen at 128.02 (10-DMA), above which gains could be extended to 128.56. On the flip side, support is seen at 127.41 (5-DMA), under which the pair could drop to 126.73.
Trades below 10-DMA
The pair trades below its 10-DMA located at 128.02 after having set a high of 128.33 levels. The shared currency came under pressure on the news that overseas bank subsidiaries have been told to exit Greek debt exposure.
Investors also await the Eurozone CPI data for March, which is likely to show price pressures rebounded month-on-month.
EUR/JPY Technical Levels
The immediate resistance is seen at 128.02 (10-DMA), above which gains could be extended to 128.56. On the flip side, support is seen at 127.41 (5-DMA), under which the pair could drop to 126.73.