22 Dec 2014
EUR/JPY calming on 146 handle
FXStreet (Guatemala) - EUR/JPY has been in a 2-cent range over the course of the last 5 days but that volatility has calmed along with global markets as we head in towards the Christmas break.
Much now depends on what comes of lighter volumes but a busy calendar with some data having been brought forward. There are number of US data releases along with Japanese and BoJ minutes and Kuroda's speech. Meanwhile, Valeria Bednarik, chief analyst at FXStreet noted that in the 4 hours chart the technical picture is more neutral, with indicators hovering around their midlines albeit the downside is favored, with a break below 145.90 exposing the 145.00 level during the upcoming hours.
Much now depends on what comes of lighter volumes but a busy calendar with some data having been brought forward. There are number of US data releases along with Japanese and BoJ minutes and Kuroda's speech. Meanwhile, Valeria Bednarik, chief analyst at FXStreet noted that in the 4 hours chart the technical picture is more neutral, with indicators hovering around their midlines albeit the downside is favored, with a break below 145.90 exposing the 145.00 level during the upcoming hours.