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23 Feb 2015
EUR/JPY challenges 135.00 on IFO
FXStreet (Edinburgh) - Mixed results from the German IFO indicator today are weighing on the euro, sending EUR/JPY to session lows around 135.00 the figure.
EUR/JPY softer post-data
The cross is fading its previous spike after the German IFO indicator disappointed investors for the month of February, with all of its components missing expectations, albeit in general improving a tad from January. The weakness around the shared currency continues to be the main drag in the cross, with Greek headlines dictating the swings of the price action so far.
EUR/JPY levels to watch
At the moment the cross is losing 0.31% at 135.03 with the next support at 133.56 (low Feb.20) ahead of 133.43 950% of 130.16-136.70) and then 133.00 (psychological level). On the upside, a breakout of 135.94 (high Feb.23) would expose 136.22 (high Feb.17) and finally 136.70 (high Feb.12).
EUR/JPY softer post-data
The cross is fading its previous spike after the German IFO indicator disappointed investors for the month of February, with all of its components missing expectations, albeit in general improving a tad from January. The weakness around the shared currency continues to be the main drag in the cross, with Greek headlines dictating the swings of the price action so far.
EUR/JPY levels to watch
At the moment the cross is losing 0.31% at 135.03 with the next support at 133.56 (low Feb.20) ahead of 133.43 950% of 130.16-136.70) and then 133.00 (psychological level). On the upside, a breakout of 135.94 (high Feb.23) would expose 136.22 (high Feb.17) and finally 136.70 (high Feb.12).