25 Aug 2015
EUR/JPY fails to hold to gains, drops 200 pips from daily highs
FXStreet (Córdoba) - EUR/JPY printed a fresh daily low during the American session as the euro retreated in the market amid a recovery of US stocks.
EUR/JPY drops on a weak euro
Greenback is rising against both, the yen and the euro, but while USD/JPY is still far from the level it had at the beginning of the week, EUR/USD erased most of yesterday’s gains.
EUR/JPY bottomed on Monday at 135.94 but rebounded quickly and rose back above 137.00. During today’s Asian session rose further and peaked at 138.59 but then lost momentum. On European hours found support above 137.50; after a short lived recovery broke below and accelerated the decline.
It printed a fresh low at 136.66 and currently it trades near the lows at 136.70/75, down 0.55% for the day, headed toward the lowest daily close in two weeks.
EUR/JPY drops on a weak euro
Greenback is rising against both, the yen and the euro, but while USD/JPY is still far from the level it had at the beginning of the week, EUR/USD erased most of yesterday’s gains.
EUR/JPY bottomed on Monday at 135.94 but rebounded quickly and rose back above 137.00. During today’s Asian session rose further and peaked at 138.59 but then lost momentum. On European hours found support above 137.50; after a short lived recovery broke below and accelerated the decline.
It printed a fresh low at 136.66 and currently it trades near the lows at 136.70/75, down 0.55% for the day, headed toward the lowest daily close in two weeks.