FXStreet (Córdoba) – The euro found support after suffering an over 100-pip drop versus the yen during the European session, with the pair now consolidating near lows.
EUR/JPY fell sharply, as the shared currency weakened across the board, and bottomed out at 132.76, its lowest level since the BCE decision last week. However, EUR/JPY managed to recover slightly, settling around the 133.00 mark over the last hours. At time of writing, EUR/JPY is trading at 133.06, recording a 0.61% loss on the day.
EUR/JPY levels to consider
In terms of technical levels, next supports are seen at 132.76 (Dec 10 low), 132.40 (10-day SMA) and then 131.78 (21-day SMA). On the other hand, resistances could be found at 134.10 (Dec 10 high/200-day SMA), 134.55/58 (100-day SMA/Dec 4 high) and then 135.00 (psychological level).
The euro found support after suffering an over 100-pip drop versus the yen during the European session, with the pair now consolidating near lows.
(Market News Provided by FXstreet)