Forex: EUR/JPY holds at 101.90 after German data
Forex pairs in this Article »
EUR/JPY
FXstreet.com (Barcelona) - The EURJPY is an example of the lower sentiment seen on Monday, down by -0.50% on the day (GMT), as Japan is closed for bank holidays and the World Bank revised down the Chinese GDP forecasts to 7.7% in 2012 (from 8.2%) and to 8.1% in 2013 (from 8.6%), getting in line with most private predictions.
The seasonally adjusted German trade surplus widened to ¬18.3 in August, against expectations of a drop from ¬16.3B to ¬15.3B. Exports rose +2.4% and Imports kept the steady +0.3% pace as expected. The EURJPY printed new daily lows at 101.90, but is trying to hold to it as support.
After rising every day last week, the EURJPY is weaker and has Friday's low at 101.87 as downside reference for support. Thursday's low at 101.31 comes next.
The seasonally adjusted German trade surplus widened to ¬18.3 in August, against expectations of a drop from ¬16.3B to ¬15.3B. Exports rose +2.4% and Imports kept the steady +0.3% pace as expected. The EURJPY printed new daily lows at 101.90, but is trying to hold to it as support.
After rising every day last week, the EURJPY is weaker and has Friday's low at 101.87 as downside reference for support. Thursday's low at 101.31 comes next.
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