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7 Mar 2014
EUR/JPY rises further toward 143.00
FXStreet (Córdoba) - The EUR/JPY hit a 8-week high in Asia at 142.99, extending weekly gains to 250 pips. After soaring on Draghi and the ECB the pair stabilized around 142.75 and rose slightly recently, climbing to fresh highs.
On Thursday the pair posted the highest daily close since January 2. The Euro was among the best performers while the Yen remained weak on risk appetite. The Japanese currency continues under pressure as the Nikkei 225 opened up by 0.8% on Friday.
To the upside, resistance levels might lie at 143.00, 143.20, 143.90 and above here at 144.35 (December 27 and 31 lows). While to the downside potential support comes at 142.60, 141.90 and 141.05.
On Thursday the pair posted the highest daily close since January 2. The Euro was among the best performers while the Yen remained weak on risk appetite. The Japanese currency continues under pressure as the Nikkei 225 opened up by 0.8% on Friday.
To the upside, resistance levels might lie at 143.00, 143.20, 143.90 and above here at 144.35 (December 27 and 31 lows). While to the downside potential support comes at 142.60, 141.90 and 141.05.