FXstreet.com (Córdoba) - The euro recovered early losses and rose to a 1-week high against the yen on Monday as appetite for risk improved. After bottoming at a low of 101.02 at the beginning of the Asian session, EUR/JPY climbed over 110 pips and recently reached its strongest in a week at 102.12.
At time of writing, EUR/JPY is quoting at the 102.05 area, where it records a 0.4% gain on the day, having broken above its 200-day SMA around 101.80.
From a technical view, the Mataf.net team holds a positive short-term bias for EUR/JPY with immediate resistances at 102.25, 102.55 and 102.8, while they see supports at 101.95, 101.60 and 101.00.
At time of writing, EUR/JPY is quoting at the 102.05 area, where it records a 0.4% gain on the day, having broken above its 200-day SMA around 101.80.
From a technical view, the Mataf.net team holds a positive short-term bias for EUR/JPY with immediate resistances at 102.25, 102.55 and 102.8, while they see supports at 101.95, 101.60 and 101.00.
