EUR/JPY falls amid risk aversion

FXStreet (Córdoba) - The EUR/JPY decline gathered pace and extended to fresh daily lows as risk aversion picks up with European stocks getting hammered.

The EUR/JPY broke below the 138.50 area at the beginning of the European trade and slid toward a low of 138.12 in recent dealings as the yen strengthens across the board. At time of writing, the EUR/JPY is trading at the 138.20 zone, recording a 0.27% loss on the day.

EUR/JPY technical levels

As for technical levels, the EUR/JPY could find next supports at 138.15 (Jul 9 low), 138.00 (psychological level) and 137.70 (Jun 16 low). On the other hand, resistances are seen at 138.66 (Jul 10 high), 138.75 (Jul 9 high) and 139.00 (psychological level).

Markets responded reasonably positively to FOMC minutes - Deutsche Bank

As Jim Reid from Deutsche Bank points out, overall markets responded reasonably positively to the FOMC minutes, released yesterday, as perhaps the fear was that the minutes would show that the committee wasn't quite as dovish as Yellen has been of late.
Baca selengkapnya Previous

ECB's Visco: ECB prepared to consider further measures after TLTRO

ECB governing council member and Bank of Italy governor Ignazio Visco said on Wednesday that the central bank was ready to consider implementing additional measures after the targeted longer-term refinancing operations, including asset purchases on a "large scale." He signaled that the ECB would expand the range of loans which could be used as collateral for its funding.
Baca selengkapnya Next