Back
19 Mar 2015
EUR/JPY below pre FOMC levels
FXStreet (Córdoba) - The EUR/JPY pair jumped yesterday after the FOMC statement and Yellen’s press conference but today erased all gains and is trading back below the level it had before the Federal Reserve decision.
During Wednesday’s American session the pair climbed to 131.75 (1-week high) as EUR/USD reached 1.1000. Then it pulled back and finished the day above 130.00. Today fell below the mentioned level during the Asian session and accelerated the retreat afterwards.
Recently bottomed at 128.40 and it was trading at 128.60, more than 300 pips below yesterday's high. The decline found support slightly above 128.20/25 (Mar 18 low).
The euro is among the worst performers in the currency market on Wednesday, reversing sharply after outperforming following the FOMC meeting.
During Wednesday’s American session the pair climbed to 131.75 (1-week high) as EUR/USD reached 1.1000. Then it pulled back and finished the day above 130.00. Today fell below the mentioned level during the Asian session and accelerated the retreat afterwards.
Recently bottomed at 128.40 and it was trading at 128.60, more than 300 pips below yesterday's high. The decline found support slightly above 128.20/25 (Mar 18 low).
The euro is among the worst performers in the currency market on Wednesday, reversing sharply after outperforming following the FOMC meeting.