FXStreet (Guatemala) – EUR/JPY has been a drift to the upside with a relatively robust euro while the greenback has gathered up the 120 handle again, but running into offers at the 50 SMA on the hourly sticks slowing up the momentum ahead of the 200 SMA at 120.15 today.
Up ahead we have Yellen talking, but she is unlikely to stir up a catalyst or give anything away in respect of timings of a rate hike that has not already been priced in. Risk is mixed while equities on Wall Street are ending in the red.
EUR/JPY targets 135 handle
Technically, EUR/JPY is trading above the 20 SMA on the hourly chart and is a touch below the 135.00 level with RSI in neutral at 58 on the same time frame with MACD turning more positive ahead of R1 at 135.12 and R2 at 135.70. To the downside, the pivot is 134.14 and S1 is 133.56.
(Market News Provided by FXstreet)