Forex: EUR/JPY still below 107 after Greece debt deal
FXstreet.com (Barcelona) - Once the Eurogroup press conference has finished, third meeting in less than 2 weeks, and that a deal on Greece debt has been agreed, and Greece will get next aid tranches, EURJPY is right where it was in late April, last at 106.54, off yesterday's fresh 7-month highs at 107.07.
Nikkei index opened above the 9400 mark again for second time in a row since early May, up +0.45% at the moment, more than +8.25% higher since Japan PM Noda called for anticipated elections, already settled for Dec 16. The long awaited Greek deal has not been enough as of yet for EURUSD to break and hold above the 1.30 mark, last at 1.2996.
Immediate resistance to the upside for EURJPY shows at recent session highs 106.76, followed by yesterday's 7-month high at 107.07, and April 20 highs at 108 round. To the downside, closest support lies at yesterday's lows 106.05, followed by Friday's lows at 105.72, and April 16 lows/Oct 22-23 highs at 104.60.
Nikkei index opened above the 9400 mark again for second time in a row since early May, up +0.45% at the moment, more than +8.25% higher since Japan PM Noda called for anticipated elections, already settled for Dec 16. The long awaited Greek deal has not been enough as of yet for EURUSD to break and hold above the 1.30 mark, last at 1.2996.
Immediate resistance to the upside for EURJPY shows at recent session highs 106.76, followed by yesterday's 7-month high at 107.07, and April 20 highs at 108 round. To the downside, closest support lies at yesterday's lows 106.05, followed by Friday's lows at 105.72, and April 16 lows/Oct 22-23 highs at 104.60.
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