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13 Mar 2015
EUR/JPY: Offered with heavy supply in EUR/USD
FXStreet (Guatemala) - EUR/JPY is currently trading at 127.32 with a high of 129.07 and a low of 127.15.
EUR/JPY is extending the downside, with the euro making losses across the board as the greenback takes charge once again. USD/JPY is relatively steady but better offered while EUR/USD is breaking down through the key 1.05 handle and scoring lows in the 80's currently at new 12 year lows.
This comes despite the poorer data releases from the US today were PPI's were lower, with a strong dollar and weakness in the oil market taking a hold. Meanwhile for the cross, the pair is moving back in to negative territory and furthering the downside trend in the broader time frames.
EUR/JPY is extending the downside, with the euro making losses across the board as the greenback takes charge once again. USD/JPY is relatively steady but better offered while EUR/USD is breaking down through the key 1.05 handle and scoring lows in the 80's currently at new 12 year lows.
This comes despite the poorer data releases from the US today were PPI's were lower, with a strong dollar and weakness in the oil market taking a hold. Meanwhile for the cross, the pair is moving back in to negative territory and furthering the downside trend in the broader time frames.