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19 Mar 2015
EUR/JPY: Eying the 132 level - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the price action around the EUR/JPY on the back of the FOMC overnight.
Key Quotes:
"The US 10Y yields fell sharply after the news down almost over 3.5% on the day and back below the 2.0% level, supporting some Yen strength yet at the same time, equities in the US shy rocketed, limiting the Japanese currency gains."
"If the price holds above the 200 SMA, now around 129.20, the outlook will be quite constructive for the upcoming days, eyeing the 132.00 area. In the 4 hours chart the technical indicators also head strongly up above their mid-lines, supporting the shorter term view."
Key Quotes:
"The US 10Y yields fell sharply after the news down almost over 3.5% on the day and back below the 2.0% level, supporting some Yen strength yet at the same time, equities in the US shy rocketed, limiting the Japanese currency gains."
"If the price holds above the 200 SMA, now around 129.20, the outlook will be quite constructive for the upcoming days, eyeing the 132.00 area. In the 4 hours chart the technical indicators also head strongly up above their mid-lines, supporting the shorter term view."