Forex: EUR/JPY taking breath just below 116, fresh 17-month high
FXstreet.com (Barcelona) - While US House debates on the Senate's bill about a "fiscal cliff" deal once it has voted in favor of the debate, and Tokyo markets remain closed on holiday, EURJPY prints fresh 17-month high last at 115.88, +2.11% higher for the week so far. USDJPY prints fresh session highs at 87.16, highest since July 2011.
A little bit more than 1 hour away to know voting results, all open Asian and futures markets show green lights, with Hang-Seng +1.81%, as well as Oil that climbs above the $92 mark, showing risk appetite is rising in the early stages of 2013. EURUSD is currently finding some offers around the 1.33 figure, highest since Dec 19.
Immediate resistance to the upside for EURJPY shows at current levels as March 04 highs 115.99, followed by April 18 lows at 116.44, and May 19 highs at 117.23. To the downside, closest support lies at Oct 07 2010 highs 115.68, followed by Nov 04 2010 highs at 115.43, and Nov 22 2010 highs at 114.94.
A little bit more than 1 hour away to know voting results, all open Asian and futures markets show green lights, with Hang-Seng +1.81%, as well as Oil that climbs above the $92 mark, showing risk appetite is rising in the early stages of 2013. EURUSD is currently finding some offers around the 1.33 figure, highest since Dec 19.
Immediate resistance to the upside for EURJPY shows at current levels as March 04 highs 115.99, followed by April 18 lows at 116.44, and May 19 highs at 117.23. To the downside, closest support lies at Oct 07 2010 highs 115.68, followed by Nov 04 2010 highs at 115.43, and Nov 22 2010 highs at 114.94.
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