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30 Nov 2015
EUR/JPY edges slightly higher after German CPI
FXStreet (Córdoba) - EUR/JPY made a marginal new high for the day following the release of in line with expectations German CPI.
German consumer price index, harmonized according to European Union standards rose 0.1% in November and to 0.3% on the year, matching analysts’ forecasts.
The euro edged slightly higher following the release and touched a daily peak of 130.27 against the yen, just above its European session high. At time of writing, the pair is trading at 130.22, still 0.14% above its opening price.
EUR/JPY levels to watch
In terms of technical levels, next resistances are seen at 130.71 (Nov 25 high), 131.00 (psychological level) and 131.55 (21-day SMA). On the other hand, supports could be faced at 129.80 (Nov 30 low), 129.65 (Nov 27 low) and 129.35 (Apr 28 low).
German consumer price index, harmonized according to European Union standards rose 0.1% in November and to 0.3% on the year, matching analysts’ forecasts.
The euro edged slightly higher following the release and touched a daily peak of 130.27 against the yen, just above its European session high. At time of writing, the pair is trading at 130.22, still 0.14% above its opening price.
EUR/JPY levels to watch
In terms of technical levels, next resistances are seen at 130.71 (Nov 25 high), 131.00 (psychological level) and 131.55 (21-day SMA). On the other hand, supports could be faced at 129.80 (Nov 30 low), 129.65 (Nov 27 low) and 129.35 (Apr 28 low).