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27 Feb 2015
EUR/JPY consolidates weekly losses around 134.00
FXStreet (Córdoba) - EUR/JPY rose during the American session boosted by a decline of the yen across the board. The pair bottomed at 133.43, the lowest in three weeks but then rebounded and rose back to the 134.00 area.
During the American session printed a daily high at 134.26 and spent the last hours hovering around 134.00, 150 pips below the level it had a week ago.
The euro is about to post the first weekly decline since mid-January against the yen. Despite the rally of the USD/JPY on Friday, a weak euro, that remains under pressure in the currency market, limited EUR/JPY and pushed it toward the key short term support area located between 133.50 - 133.70.
During the American session printed a daily high at 134.26 and spent the last hours hovering around 134.00, 150 pips below the level it had a week ago.
The euro is about to post the first weekly decline since mid-January against the yen. Despite the rally of the USD/JPY on Friday, a weak euro, that remains under pressure in the currency market, limited EUR/JPY and pushed it toward the key short term support area located between 133.50 - 133.70.