FXstreet.com (Barcelona) - The EUR/JPY is unable to stop the bleeding after the US nonfarm payrolls report, and with the loss of 99.00 “achieved”, the pair went down to test 98.00 level. At the moment of writing, 97.90 is today’s and 1-month low, just beneath June-6 low at 97.92.
The risk aversion momentum is highly damaging to the EUR/JPY, as the Euro plunges while the Japanese Yen attracts investors looking for a safe haven more secure than the greenback.
If the EUR/JPY doesn’t bounce back to 98.00, it could extend the decline towards 97.00 sentiment level, ahead of June and 2012 low at 99.64.
The risk aversion momentum is highly damaging to the EUR/JPY, as the Euro plunges while the Japanese Yen attracts investors looking for a safe haven more secure than the greenback.
If the EUR/JPY doesn’t bounce back to 98.00, it could extend the decline towards 97.00 sentiment level, ahead of June and 2012 low at 99.64.
