Forex: EUR/JPY falls down to 96.15
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EUR/JPY
FXstreet.com (Barcelona) - The European opening extended the lows for the week, below Thursday's 96.33, as it printed one at 96.15. At the moment of writing, the EURJPY trades at 96.35, but downside pressure remains palpable.
The Italian CPI inflation report (EU normalized) dropped more than expected, by -1.7% on the month to an annualized +3.6% (unchanged). The annualized Germany's HICP dropped from +2.0% to +1.9%.
"Dips lower should now be contained by 95.65, the short term uptrend", wrote Commerzbank analyst Karen Jones, expecting the market to eventually erode 97.76/98.20 in a longer term.
The Italian CPI inflation report (EU normalized) dropped more than expected, by -1.7% on the month to an annualized +3.6% (unchanged). The annualized Germany's HICP dropped from +2.0% to +1.9%.
"Dips lower should now be contained by 95.65, the short term uptrend", wrote Commerzbank analyst Karen Jones, expecting the market to eventually erode 97.76/98.20 in a longer term.
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