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Derived real-time data in partnership with:
Thomson Reuters
May 06 - 11:00 PM
EUR/JPY - Off Hard, To 129.90 Friday Despite Weak NFP
First appeared on eFXplus on May 06 - 09:05 PM
  • Broad USD strength and EUR weakness saw EUR/JPY down to 129.90 Friday.
  • Some bounce from low but EUR essentially heavy despite weak US NFP data.
  • Cross downside limited for now but risk still down, below daily Ichi cloud.
  • Daily cloud base 130.54, range 130.33-57, 129.19 low 3/26, 128.96 3/23.
  • Good resistance from descending 55-HMA up at 130.87.
  • Little in way of nearby option expirations today, tomorrow.

EUR/JPY: Click here

Source:
Thomson Reuters IFR Markets

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