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14 May 2015
EUR/JPY retreats from 3-month highs
FXStreet (Córdoba) - EUR/JPY is rising modestly on Thursday after moving off session highs. Earlier the pair climbed to 136.44, reaching the strongest level since February 11.
Currently strands at 135.45/50, up 0.15% for the day and 130 pips above the level it closed last week, headed toward the fourth weekly gain out of the last five.
The yen recovered ground across the board during the last hours, except versus the US dollar as stocks in Wall Street rise. The Dow Jones is up 0.86%, the Nasdaq 0.99% and the S&P 500 0.75%.
EUR/JPY testing key resistance zone
The pair so far failed to hold above 136.00 so far. The area above 136.00 is a key resistance area in the medium term that capped the upside in February and also last week. A consolidation on top, could open the doors for further gains.
Currently strands at 135.45/50, up 0.15% for the day and 130 pips above the level it closed last week, headed toward the fourth weekly gain out of the last five.
The yen recovered ground across the board during the last hours, except versus the US dollar as stocks in Wall Street rise. The Dow Jones is up 0.86%, the Nasdaq 0.99% and the S&P 500 0.75%.
EUR/JPY testing key resistance zone
The pair so far failed to hold above 136.00 so far. The area above 136.00 is a key resistance area in the medium term that capped the upside in February and also last week. A consolidation on top, could open the doors for further gains.