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15 Dec 2014
EUR/JPY opening in Tokyo on the offer
FXStreet (Guatemala) - Having made a daily high at 148.13 and low at 146.83, EUR/JPY spot is down -0.34% on the day and presently trading at 147.19.
EUR/JPY has continued to the downside and heavily post the Abe victory and is starting to erode key support as having made fresh five day lows and eroded last weeks gains.
Meanwhile, we have had a mixed Tankan survey report for small and large businesses with the smaller firms getting poorer than expected results. To the downside, support below can now be found at 147.09 (Daily Classic S1) and 146.79 (Daily 20 SMA) should the handle give way again.
EUR/JPY has continued to the downside and heavily post the Abe victory and is starting to erode key support as having made fresh five day lows and eroded last weeks gains.
Meanwhile, we have had a mixed Tankan survey report for small and large businesses with the smaller firms getting poorer than expected results. To the downside, support below can now be found at 147.09 (Daily Classic S1) and 146.79 (Daily 20 SMA) should the handle give way again.