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22 Apr 2015
EUR/JPY jumps to test 129.00
FXStreet (Tokyo) - The Euro jumped 60 pips against the Japanese Yen from 128.40 to test the 129.00 level. The move was mainly fueled by the BoE minutes release. EUR/JPY is extending gains from daily PP of 128.20 traded at the early European session.
The BoE monetary policy committee (MPC) meeting on April 9th showed a unanimous decision to maintain the interest rate unchanged at record lows.
Currently, EUR/JPY is trading at 128.76, up 0.23% on the day, having posted a daily high at 129.00 and low at 128.23. EUR/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/JPY levels
If the pair extends gains above 129.00, it will find next resistances at 129.50 and 130.00. To the downside, supports are at 128.20, 127.60 and 127.40.
The BoE monetary policy committee (MPC) meeting on April 9th showed a unanimous decision to maintain the interest rate unchanged at record lows.
Currently, EUR/JPY is trading at 128.76, up 0.23% on the day, having posted a daily high at 129.00 and low at 128.23. EUR/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/JPY levels
If the pair extends gains above 129.00, it will find next resistances at 129.50 and 130.00. To the downside, supports are at 128.20, 127.60 and 127.40.