7 May 2015
EUR/JPY retreats from 136.00
FXStreet (Córdoba) - The euro failed to hold to gains against the yen and is now about to post the first daily decline after rising during the previous two days, posting yesterday the highest close since February 17.
EUR/JPY peaked during the European session at 135.98 but then pulled back initially to 135.50; then broke below and accelerated to the downside. After Wall Street opening bell bottomed at 134.18, slightly above yesterday’s lows and then trimmed losses.
The pair stabilized and during the last hours it has been hovering around 135.00, almost 50 pips below the level it had at the beginning of the day. The euro is among the worst performers on Thursday and is falling across the board, rising, among the most traded currencies, only against the kiwi.
EUR/JPY peaked during the European session at 135.98 but then pulled back initially to 135.50; then broke below and accelerated to the downside. After Wall Street opening bell bottomed at 134.18, slightly above yesterday’s lows and then trimmed losses.
The pair stabilized and during the last hours it has been hovering around 135.00, almost 50 pips below the level it had at the beginning of the day. The euro is among the worst performers on Thursday and is falling across the board, rising, among the most traded currencies, only against the kiwi.