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20 Mar 2015
EUR/JPY: In to oversold territory - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Japanese yen regained all the upside in the crosses, but fell against the greenback, as dollar strength led the way this Thursday.
Key Quotes:
"The most relevant fundamental data ahead will be the Bank of Japan releasing the Minutes of its latest meeting during the upcoming Asian session, although no surprises are expected from there."
"In the meantime, the EUR/JPY pair trades near its daily low of 128.35, and the 1 hour chart shows that the bias is lower, as the price pressures a flat 100 SMA, whilst the technical indicators head lower near oversold territory."
Key Quotes:
"The most relevant fundamental data ahead will be the Bank of Japan releasing the Minutes of its latest meeting during the upcoming Asian session, although no surprises are expected from there."
"In the meantime, the EUR/JPY pair trades near its daily low of 128.35, and the 1 hour chart shows that the bias is lower, as the price pressures a flat 100 SMA, whilst the technical indicators head lower near oversold territory."