EUR/JPY intermarket: stocks, risk and the dollar all weighing

Currently, EUR/JPY is trading at 129.79, down -0.51% on the day, having posted a daily high at 130.62 and low at 129.55.

EUR/USD eases to session lows around mid-1.16s on greenback strength

EUR/JPY has hit a hard resistance and was sent a cent lower today taking in the 4hr 50-sma at 129.66 but finding support below there at 129.55. Risk reversed and the dollar is recovering. Stocks are on the floor, notably in the S&P 500 and tech stocks in the NASDAQ. USD/JPY has been pressuring the 111 handle and eyeing a break with 1110.70 in sights as being yesterday's low post FOMC.  The euro is  in a minor recovery of the lows but unable to garner much motivation after the durable goods data that surprised to the upside and leaves the cross exposed.

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EUR/JPY levels

The market spent last week consolidating below the 200 week ma at 130.66 but is holding extremely well at the 20 day ma currently at 129.47, noted analysts at Commerzbank, adding, " Failure at last weeks low at 128.50 will alleviate immediate upside momentum and allow for some slippage to the uptrend at 127.66, below here lies the previous May high at 125.80 and offers additional support. Above 130.66/76 targets 134.32/61.8% of the move down from 2014."