Forex: EUR/JPY falls to test 98.00
Forex pairs in this Article »
EUR/JPY
FXstreet.com (Córdoba) - The euro fell sharply against the dollar and the yen into the European close, weighed by the slump seen in US stocks and by Slovak PM's comments, saying that there is 50-50 chance of an euro break up.
EURJPY dropped over 60 pips within an hour and printed a 2-day low of 98.01 before recovering slightly. At time of writing, the euro-yen cross is trading at the 98.15 zone, recording a 0.4% loss on the day.
In terms of technical levels, next supports are seen at 98.00, 97.90 and 97.70, while on the flip side resistances could be found at 98.50, 98.80 and 99.00.
EURJPY dropped over 60 pips within an hour and printed a 2-day low of 98.01 before recovering slightly. At time of writing, the euro-yen cross is trading at the 98.15 zone, recording a 0.4% loss on the day.
In terms of technical levels, next supports are seen at 98.00, 97.90 and 97.70, while on the flip side resistances could be found at 98.50, 98.80 and 99.00.
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