20 Mar 2014
EUR/JPY recovers the 141.00 position and trades at 141.20
FXStreet (San Francisco) - The risk appetite is back on the market with the Euro gaining ground against the Japanese Yen following the upbeat Philly Fed number released today.
The EUR/JPY jumped around 35 pips in the latest few minutes from 2-day low at 140.80 to price at 141.20. Pair is currently trading at 141.11, 0.30% negative in the day. The short term perspective is now slightly bullish according to the FXStreet trend index. CCI and Momentum are pointing to the north while the Stochastic and MACD are neutrals.
EUR/JPY sentiment
"We've made a few probes below trendline support at 140.90 but keep popping back into the range and now trade at 141.15," commented Jamie Coleman from FXBeat. "US equities have turned higher on the day after upbeat data from the Philly Fed. The hope is that the upbeat data translates to strong ISM data on April 1."
Below the 140.80/90 area, the pair would face supports at 140.70 and 140.45. On the upside, resistances are at 141.40 area, 141.70 and 141.90.
The EUR/JPY jumped around 35 pips in the latest few minutes from 2-day low at 140.80 to price at 141.20. Pair is currently trading at 141.11, 0.30% negative in the day. The short term perspective is now slightly bullish according to the FXStreet trend index. CCI and Momentum are pointing to the north while the Stochastic and MACD are neutrals.
EUR/JPY sentiment
"We've made a few probes below trendline support at 140.90 but keep popping back into the range and now trade at 141.15," commented Jamie Coleman from FXBeat. "US equities have turned higher on the day after upbeat data from the Philly Fed. The hope is that the upbeat data translates to strong ISM data on April 1."
Below the 140.80/90 area, the pair would face supports at 140.70 and 140.45. On the upside, resistances are at 141.40 area, 141.70 and 141.90.