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10 Mar 2014
EUR/JPY holds above 143.00
FXStreet (Córdoba) - The EUR/JPY started the week trading lower, barely above 143.00 and afterwards rebounded and rose to 143.40. Currently trades at 143.15/20, 15 pips below Friday’s closing price.
Last week the EUR/JPY posted important gains as the Yen weakened across the board and also boosted by a rally in the Euro following the ECB meeting. On Friday the rally found resistance at 143.80 and pulled back to finished trading around 143.35.
Early in Asia the EUR/JPY looks steady above 143.00 as the EUR/USD rises approaching 1.3900 while the USD/JPY falls toward 103.00. Stocks in Japan are falling, with the Nikkei 225 down 0.65% after the first hour of trading.
Last week the EUR/JPY posted important gains as the Yen weakened across the board and also boosted by a rally in the Euro following the ECB meeting. On Friday the rally found resistance at 143.80 and pulled back to finished trading around 143.35.
Early in Asia the EUR/JPY looks steady above 143.00 as the EUR/USD rises approaching 1.3900 while the USD/JPY falls toward 103.00. Stocks in Japan are falling, with the Nikkei 225 down 0.65% after the first hour of trading.