Back
9 Jan 2014
EUR/JPY jumps at 142.70 and tests 143.00 following ECB
FXstreet.com (San Francisco) - The Euro is trading higher against the Japanese Yen following the ECB unchanged decision on interest rates and ahead of the Mario Draghi press conference.
The ECB decided to hold its interest rate at 0.25% as well as marginal rate at 0.75% and deposit facility rate at 0.0%.
The EUR/JPY is bouncing from the 142.70 area to trade just ahead of 143.00 resistance. The Pair is performing 0.50% positive on the day; however the short term perspective remains slightly bearish according to the FXstreet.com trend index in the 15-minute chart.
EUR/JPY levels:
Above the 143.00 area, the Euro would face resistances against the Japanese yen at 143.15 and 143.30. On the downside, supports are at 142.70, 142.55 and 142.15.
The ECB decided to hold its interest rate at 0.25% as well as marginal rate at 0.75% and deposit facility rate at 0.0%.
The EUR/JPY is bouncing from the 142.70 area to trade just ahead of 143.00 resistance. The Pair is performing 0.50% positive on the day; however the short term perspective remains slightly bearish according to the FXstreet.com trend index in the 15-minute chart.
EUR/JPY levels:
Above the 143.00 area, the Euro would face resistances against the Japanese yen at 143.15 and 143.30. On the downside, supports are at 142.70, 142.55 and 142.15.