Back
12 Mar 2015
EUR/JPY extends gains after German CPI data
FXStreet (Mumbai) - The EUR/JPY pair hit a fresh session high of 128.48 official data in Germany confirmed the February inflation at the initial estimate of 0.1% year-on-year.
EUR gains as German yields rise
The shared currency received support from the slight rise in the benchmark German bond yields. The 10-year yield is up almost 1 basis points at 0.211%. The yield had dropped a record low of 0.192% in the previous session. The pair could extend gains if the German yields continue to rise from record low levels. Meanwhile, the weakness in the European equities and the US treasury yields could cap losses in the Japanese Yen.
EUR/JPY Technical Levels
The immediate resistance is seen at 129.00, above which the pair could rise to 129.72 (5-DMA). On the flip side, support is seen at 128.05 and 127.60 levels.
EUR gains as German yields rise
The shared currency received support from the slight rise in the benchmark German bond yields. The 10-year yield is up almost 1 basis points at 0.211%. The yield had dropped a record low of 0.192% in the previous session. The pair could extend gains if the German yields continue to rise from record low levels. Meanwhile, the weakness in the European equities and the US treasury yields could cap losses in the Japanese Yen.
EUR/JPY Technical Levels
The immediate resistance is seen at 129.00, above which the pair could rise to 129.72 (5-DMA). On the flip side, support is seen at 128.05 and 127.60 levels.