EUR/JPY falls to 1-week lows
|EUR/JPY continued to decline during the American session. The pair bottomed at 114.25, reaching the lowest level in a week.
The Japanese yen become the best performer in the currency market during the last hours supported by risk aversion. The Dow Jones was falling 0.87% and the Nasdaq was down 1.25%.
EUR/JPY levels to watch
Today the euro is falling for the third time out of the last four trading days against the Yen. It is making an important retreat after hitting last week at 116.28, the highest level in a month. The pair was rejected from above 116.00 and it started a bearish correction.
Today the pair has been able to find support above the 20-day moving average that stands at 114.15; below here 114.00 would be exposed and then last week lows at 113.60.
On the opposite direction, immediate resistance levels could be seen at 115.00/05 (Oct 7 / 10 low), followed by 115.80 (Oct 11 high) and 116.20 (Oct 6 high).
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