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10 Nov 2014
EUR/JPY consolidates below 143.00
FXStreet (Córdoba) - The euro is falling marginally against the yen on Monday and during the European session managed to trimmed losses. EUR/JPY bottomed at 142.07 and then bounced to the upside, reaching 142.76, after Wall Street opening bell.
During the last few hours remained steady, hovering around 142.60, down less than 20 pips from today’s opening price as it continues to move sideways in the short term with a slightly bearish bias, pulling back from 2014 highs, that reached last week at 144.20.
The retreated of the EUR/USD during the current American session from 1.2500 back below 1.2450 did not affect EUR/JPY, because the yen weakened across the board, pushed by the rise of USD/JPY that climbed from 114.00 tp 114.80.
During the last few hours remained steady, hovering around 142.60, down less than 20 pips from today’s opening price as it continues to move sideways in the short term with a slightly bearish bias, pulling back from 2014 highs, that reached last week at 144.20.
The retreated of the EUR/USD during the current American session from 1.2500 back below 1.2450 did not affect EUR/JPY, because the yen weakened across the board, pushed by the rise of USD/JPY that climbed from 114.00 tp 114.80.