FXStreet (Córdoba) – EUR/JPY made a marginal new high for the day following the release of in line with expectations German CPI.
German consumer price index, harmonized according to European Union standards rose 0.1% in November and to 0.3% on the year, matching analysts’ forecasts.
The euro edged slightly higher following the release and touched a daily peak of 130.27 against the yen, just above its European session high. At time of writing, the pair is trading at 130.22, still 0.14% above its opening price.
EUR/JPY levels to watch
In terms of technical levels, next resistances are seen at 130.71 (Nov 25 high), 131.00 (psychological level) and 131.55 (21-day SMA). On the other hand, supports could be faced at 129.80 (Nov 30 low), 129.65 (Nov 27 low) and 129.35 (Apr 28 low).
(Market News Provided by FXstreet)