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4 Dec 2014
EUR/JPY holds above 148.00; pair set to extend gains
The euro is losing ground previously won over its main competitors and against the Japanese yen, the pair failed to reach the level of 149.00 and fell within the boundaries of 148.00.
Currently, EUR/JPY is trading at 148.25, up 0.52% on the day, having posted a daily high at 148.98 and low at 147.30. EUR/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/JPY sentiment
According to Valeria Bednarik from FXStreet, "yen could see some temporal strength following disappointing US employment figures on Friday, but more steady gains seem unlikely for the Japanese currency considering latest BOJ decisions."
Above the 149.15, next resistances are at 149.60 and 150.00. To the downside, supports are at 148.10, 147.90 and 147.35.
Currently, EUR/JPY is trading at 148.25, up 0.52% on the day, having posted a daily high at 148.98 and low at 147.30. EUR/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/JPY sentiment
According to Valeria Bednarik from FXStreet, "yen could see some temporal strength following disappointing US employment figures on Friday, but more steady gains seem unlikely for the Japanese currency considering latest BOJ decisions."
Above the 149.15, next resistances are at 149.60 and 150.00. To the downside, supports are at 148.10, 147.90 and 147.35.