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15 May 2015
EUR/JPY trades below 136.00
FXStreet (Mumbai) - The EUR/JPY pair fell below 136.00 levels as the shared currency feels the heat of an extended weakness in the German bund yields.
EUR/JPY turns negative
The pair now trades 0.05% lower at 135.85, after having faced rejection at the session high of 136.36 earlier today. The EUR has come under pressure mainly on account of the weakness seen in the German 10-year Bund yield, which now trades 5.2 basis points lower at 0.648%. The yield has been on the slow and steady decline right from the early European session today.
However, losses could be restricted on account of an uptick in the major European markets, which reduces demand for the safe haven Yen.
EUR/JPY Technical Levels
The immediate support is seen at 135.68, under which losses could be extended to 135.04 (5-DMA). On the flip side, a break above 136.40 could drive the pair higher to 137.00.
EUR/JPY turns negative
The pair now trades 0.05% lower at 135.85, after having faced rejection at the session high of 136.36 earlier today. The EUR has come under pressure mainly on account of the weakness seen in the German 10-year Bund yield, which now trades 5.2 basis points lower at 0.648%. The yield has been on the slow and steady decline right from the early European session today.
However, losses could be restricted on account of an uptick in the major European markets, which reduces demand for the safe haven Yen.
EUR/JPY Technical Levels
The immediate support is seen at 135.68, under which losses could be extended to 135.04 (5-DMA). On the flip side, a break above 136.40 could drive the pair higher to 137.00.