15 Jul 2015
EUR/JPY: Gains capped at 200-DMA
FXStreet (Mumbai) - The EUR/JPY pair advanced on Wednesday, but the gains were capped at its 200-DMA currently located at 136.38.
Focus on Greek parliament vote
The spot currently trades around 136.20 ahead of the Greek parliament vote scheduled later today. The results are expected to be out late in the US session. The Bank of Japan’s decision to keep the monetary policy unchanged failed to have any major impact on the pair. Furthermore, Kuroda’s comments at the press conference lacked any positive/negative surprise.
With no major data due for release in the US, the traders are likely to avoid making big bets on the common currency ahead of the Greek parliament vote.
EUR/JPY Technical Levels
The immediate resistance is located at 136.38 (200-DMA), above which the spot could target 137.06 (50-DMA). On the flip side, support is seen at 135.94 (hourly 50-MA) and 135.54.
Focus on Greek parliament vote
The spot currently trades around 136.20 ahead of the Greek parliament vote scheduled later today. The results are expected to be out late in the US session. The Bank of Japan’s decision to keep the monetary policy unchanged failed to have any major impact on the pair. Furthermore, Kuroda’s comments at the press conference lacked any positive/negative surprise.
With no major data due for release in the US, the traders are likely to avoid making big bets on the common currency ahead of the Greek parliament vote.
EUR/JPY Technical Levels
The immediate resistance is located at 136.38 (200-DMA), above which the spot could target 137.06 (50-DMA). On the flip side, support is seen at 135.94 (hourly 50-MA) and 135.54.