FXstreet.com (Barcelona) - The EUR/JPY chart retraced part of its early Monday losses ahead of the European session and the German IFO, up to 101.29. The September survey figures, however, came in disappointing and even against some rising expectations.
The actual data triggered a market plunge towards safe havens such as the Japanese Yen, with the EUR/JPY dropping below 101.00 and finding support at 100.60. The cross is trading little above that area. Italy registered a trade deficit non-EU in August, coming from a €1.837B surplus in July. August trade balance was of €-0.973B.
Mataf.net analysts point to resistance at 101.20, 101.65 and 102.10. On the downside, supports might be found at 100.55 and 100.20.
The actual data triggered a market plunge towards safe havens such as the Japanese Yen, with the EUR/JPY dropping below 101.00 and finding support at 100.60. The cross is trading little above that area. Italy registered a trade deficit non-EU in August, coming from a €1.837B surplus in July. August trade balance was of €-0.973B.
Mataf.net analysts point to resistance at 101.20, 101.65 and 102.10. On the downside, supports might be found at 100.55 and 100.20.
