Friday, January 23, 2015

The EUR/JPY is close to touching the 134.00 level

The Euro has weaken versus the main currencies, including the Yen. The pair has dropped so rapidly that it is very close to the 134.00 level and we could see the price testing that level. The round number level could act as support for the pair but if this Friday’s manufacturing data out of Europe comes out lower than expected, then the pair may break that level to the downside.


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