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EUR/JPY trims losses, back above 100.00
06 Şubat 2012 Pazartesi 22:23

EUR/JPY trims losses, back above 100.00

The bounce of the Euro seen during the New York session boosted EUR/JPY back above the 100.00 mark en route toward new highs.

After bottoming out at 99.85, EUR/JPY managed to bounce and rose over 70 pips within the last hours, reaching a high of 100.59, just shy of its Friday's closing price.

At time of writing, EUR/JPY is quoting around 100.40, still down 0.2% on the day. As for technical levels, on the upside above 100.60/65 next resistances could be found at 100.80 and 101.00, while on the downside supports could be faced at 100.25, 100.00 and 99.85.

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