7 Jul 2015
EUR/JPY: Rallies on little Greek headway
FXStreet (Guatemala) - EUR/JPY is currently trading at 133.59 with a high of 135.67 and a low of 133.51.
EUR/JPY made a strong come back with the euro rallying on the back of sentiment for a deal to be done this weekend where an EU summit will take place yet again.
EUR/JPY fundamentals on Greece
There is a great sense of urgency from the Troika and time is running out, as explained once again by Dijsselbloem earlier. However, there have been confirmations of a further EU summit to take place this weekend which is giving the markets hope of a solution and a deal that has seen a rally int he euro over an exhausted greenback, elevating the cross.
EUR/JPY technically
Karen Jones, chief analyst at Commerzbank, explained that they look for upside probes to falter 135.90/137.20 (200 day ma), where they suspect it will fail and we will see further ranging.
EUR/JPY made a strong come back with the euro rallying on the back of sentiment for a deal to be done this weekend where an EU summit will take place yet again.
EUR/JPY fundamentals on Greece
There is a great sense of urgency from the Troika and time is running out, as explained once again by Dijsselbloem earlier. However, there have been confirmations of a further EU summit to take place this weekend which is giving the markets hope of a solution and a deal that has seen a rally int he euro over an exhausted greenback, elevating the cross.
EUR/JPY technically
Karen Jones, chief analyst at Commerzbank, explained that they look for upside probes to falter 135.90/137.20 (200 day ma), where they suspect it will fail and we will see further ranging.