19 Jan 2015
EUR/JPY down 0.33% on a bearish spike
FXStreet (Guatemala) - EUR/JPY is currently down 0.33% in Tokyo on broad Yen strength having made low of 135.32 and a high at 136.11.
EUR/JPY bears are making a head start on the week, with Yen staging a high percentage drive in Tokyo, down over half a cent in a spike vs the Greenback and Euro and making similar advances across the board.
The week ahead could be a volatile week it seems, with both the ECB meeting and BoJ minutes in focus, and in the aftermath of the SNB mayhem. It s widely expected that the ECB will commence sovereign QE while the BoJ minutes will be monitored for hints and outlooks of any developments in respect of the nations own Quantitative and Qualitative Easing (QQE) that was initiated first on April 4, 2013. EUR/JPY bears will be looking for scores at the Oct 16th 134.14 lows ahead of 133.80 support stemming from 24th May 2013 highs.
EUR/JPY bears are making a head start on the week, with Yen staging a high percentage drive in Tokyo, down over half a cent in a spike vs the Greenback and Euro and making similar advances across the board.
The week ahead could be a volatile week it seems, with both the ECB meeting and BoJ minutes in focus, and in the aftermath of the SNB mayhem. It s widely expected that the ECB will commence sovereign QE while the BoJ minutes will be monitored for hints and outlooks of any developments in respect of the nations own Quantitative and Qualitative Easing (QQE) that was initiated first on April 4, 2013. EUR/JPY bears will be looking for scores at the Oct 16th 134.14 lows ahead of 133.80 support stemming from 24th May 2013 highs.