Forex: EUR/JPY rangebound below 98.60
Forex pairs in this Article »
EUR/JPY
FXstreet.com (Córdoba) - The euro managed to erase intraday losses versus the yen and trades nearly flat on the day amid thin volume with US markets closed due to the Labor Day holiday and investors cautious ahead of ECB meeting and key NFP data later this week.
EURJPY dropped to a low of 98.20 during the Asian session, weighed by weaker-than-expected Chinese PMI data, but bounced although it found resistance at the 98.60 area and has spent the last hours in a slim range around its opening level.
At time of writing, EURJPY is quoting at the 98.40/45 zone, virtually unchanged since opening. In terms of technical levels, next resistances are seen at 98.60, 98.80 and 99.00, while supports could be found at 98.20, 98.00 and 97.80.
EURJPY dropped to a low of 98.20 during the Asian session, weighed by weaker-than-expected Chinese PMI data, but bounced although it found resistance at the 98.60 area and has spent the last hours in a slim range around its opening level.
At time of writing, EURJPY is quoting at the 98.40/45 zone, virtually unchanged since opening. In terms of technical levels, next resistances are seen at 98.60, 98.80 and 99.00, while supports could be found at 98.20, 98.00 and 97.80.
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