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15 May 2015
EUR/JPY threatens to fall below 136.00
FXStreet (Mumbai) - The EUR/JPY is flirting with 136.00 levels, as the shared currency has come under pressure in the early European session tracking the drop in the German bund yields.
German bund yields drop
The benchmark German 10-year bund yield fell 3 basis points to 0.67%, which has kept the EUR under pressure. Consequently, the EUR/JPY pair fell from the high of 136.31 to trade currently at 136.00. The pair is now threatening to fall below 136.00 levels amid fairly thin trading session to end the week with no catalysts in the European session.
EUR/JPY Technical Levels
The immediate support is located at 135.68, under which the pair could drop to 135.11 (5-DMA). On the flip side, a break above 136.40 could drive the pair higher to 137.00 levels.
German bund yields drop
The benchmark German 10-year bund yield fell 3 basis points to 0.67%, which has kept the EUR under pressure. Consequently, the EUR/JPY pair fell from the high of 136.31 to trade currently at 136.00. The pair is now threatening to fall below 136.00 levels amid fairly thin trading session to end the week with no catalysts in the European session.
EUR/JPY Technical Levels
The immediate support is located at 135.68, under which the pair could drop to 135.11 (5-DMA). On the flip side, a break above 136.40 could drive the pair higher to 137.00 levels.