Back
2 Mar 2015
EUR/JPY steadies after Eurozone inflation data
FXStreet (Mumbai) - The EUR/JPY pair trades steady around 134.40 levels after the data in the Eurozone showed the rate of decline in the price pressures is seen slowing down in February.
EUR/JPY: Stuck at hourly 100-MA
The pair appears stuck at the hourly 100-MA located at 134.45 levels, even though the official data showed the Eurozone inflation is expected to be -0.3% in February 2015, up from -0.6% in January. The core inflation is expected to remain unchanged at 0.6%.
Earlier today, the upbeat manufacturing activity reports across the Eurozone had helped the EUR/JPY pair to recover from the low of 133.80 to 134.45.
EUR/JPY Technical Levels
The immediate resistance is seen at 134.45, above which the pair could rise to 134.74. On the flip side, support is seen at 134.00 and 133.43 levels.
EUR/JPY: Stuck at hourly 100-MA
The pair appears stuck at the hourly 100-MA located at 134.45 levels, even though the official data showed the Eurozone inflation is expected to be -0.3% in February 2015, up from -0.6% in January. The core inflation is expected to remain unchanged at 0.6%.
Earlier today, the upbeat manufacturing activity reports across the Eurozone had helped the EUR/JPY pair to recover from the low of 133.80 to 134.45.
EUR/JPY Technical Levels
The immediate resistance is seen at 134.45, above which the pair could rise to 134.74. On the flip side, support is seen at 134.00 and 133.43 levels.