FxWirePro: EUR/JPY hits 3-1/2 year lows at 119, struggles to extend below
EUR/JPY extends downside for the sixth straight session, as the yen remains heavily bid amid increased risk-off across markets. The pair has broken major trendline support at 120.70 and has hit lows of 119 levels. Pair s…
EUR/JPY extends downside for the sixth straight session, as the yen remains heavily bid amid increased risk-off across markets.
The pair has broken major trendline support at 120.70 and has hit lows of 119 levels.
Pair struggles to extend below, has bounced-off from 3-1/2 year lows at 119 levels and is currently trading around 119.50.
Caution ahead of the Fed and BOJ interest rates decision due on Wednesday and Thursday respectively, traders refrain from placing big directional bets.
