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3 Jul 2014
EUR/JPY with a mild positive tone - FXStreet
FXStreet (Bali) - Valeria Bednarik, Chief Analyst at FXStreet, notes that EUR/JPY hourly charts shows indicators with a mild positive tone yet showing no strength.
Key Quotes
"The EUR/JPY nears weekly highs as the yen weakened against all rivals, not because of stocks that traded mostly unchanged in the US afternoon, but because of the strong employment survey that boosted USD/JPY along with US yields, with the 106Y note up to 2.62%."
"The hourly chart shows price holding above 139.00 by little, with moving averages flat and converging around 138.50, reflecting the lack of direction that prevails in the pair."
"Indicators in the same time frame present a mild positive tone yet show no strength at the time being, while the 4 hours chart shows indicators in positive territory but also flat."
Key Quotes
"The EUR/JPY nears weekly highs as the yen weakened against all rivals, not because of stocks that traded mostly unchanged in the US afternoon, but because of the strong employment survey that boosted USD/JPY along with US yields, with the 106Y note up to 2.62%."
"The hourly chart shows price holding above 139.00 by little, with moving averages flat and converging around 138.50, reflecting the lack of direction that prevails in the pair."
"Indicators in the same time frame present a mild positive tone yet show no strength at the time being, while the 4 hours chart shows indicators in positive territory but also flat."