29 Apr 2014
EUR/JPY under pressure amid weak German CPI
FXStreet (San Francisco) - The Euro is trading under pressure and losing ground against almost all of its major competitors as the German Consumer Price Index showed a lowest than expected reading in April.
Against the Japanese Yen, the unique currency fell around 65 pips from 142.45 to daily lows around 141.80. Currently, EUR/JPY is trading at 141.97, flat on the day, having posted a daily high at 142.51 and low at 141.80.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
EUR/JPY levels
If the pair remains below the 142.00 level, it would face next supports at 141.80, 141.65 and 141.50. On the upside, the EUR/JPY has resistances at 142.15, 142.40 and 142.50.
Against the Japanese Yen, the unique currency fell around 65 pips from 142.45 to daily lows around 141.80. Currently, EUR/JPY is trading at 141.97, flat on the day, having posted a daily high at 142.51 and low at 141.80.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
EUR/JPY levels
If the pair remains below the 142.00 level, it would face next supports at 141.80, 141.65 and 141.50. On the upside, the EUR/JPY has resistances at 142.15, 142.40 and 142.50.