EUR/JPY trades with losses after mixed European economic data EURJPY
from the EU . On the other hand, the Japanese Yen, held strong against most of its rivals as the prospects of Japanese authorities intervening in the markets helps limit deeper losses for the JPY.The S&P Global and Hamburg Commercial Bank showed that de Composite PMI dropped to 52.8 vs the consensus of 53.3 and the preliminary reading of 53.3. In addition, the Services PMI was also revised downwards to 55.1 from 55.9.
In case the EUR/JPY exchange rate continues to gain traction, the following resistance line up at the 149.80 zone followed then by the 150.00 psychological area and the 150.50 level. On the other hand, the 20-day Simple Moving Average at 149.05 level remains the key support level for the pair. If broken, the 148.50 area and 148.00 zone could come into play.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/JPY struggles to hold 150.00 as investors turn cautious ahead of ECB Lagarde’s speechThe EUR/JPY pair is struggling in defending the auction above the psychological support of 150.00 in the European session. The cross is expected to re
Lire la suite »
EUR/JPY Price Analysis: Immediately to the upside comes 151.00EUR/JPY climbs further and reclaims the area beyond the key 150.00 barrier at the beginning of the week. Further recovery appears a plausible near-ter
Lire la suite »
European Commission Orders Staff Not to Use A.I. for ‘Critical’ WorkThe European Commission has ordered its staff to cease using artificial intelligence for work that is of “critical” importance.
Lire la suite »
European markets look set for muted openEuropean markets look set for a muted open as traders digest the U.S. debt ceiling agreement and euro zone inflation data.
Lire la suite »
PolitiFact - The European Union has not warned pregnant women to avoid COVID-19 vaccinesThe European Union has not warned pregnant women not to get COVID-19 vaccines, as some have claimed on social media. The EU’s health agency said there is no evidence of fertility or pregnancy risk due to the shots.
Lire la suite »
Polish opposition stages massive anti-government protest in WarsawHalf a million demonstrators flood the streets of central Warsaw, marking one of the largest anti-government protests in 30 years, according to Poland's opposition organisers
Lire la suite »