- Yen loses moment to rise in Treasury yields on Monday.
- EUR / JPY maintains the consolidation outlook, around 130.00.
The EUR / JPY reached hours ago at 130.59, the highest level in six days, before retreating and falling to 130.20. It is trading at 130.30, in barely negative territory for the day, continuing the lateral movements. For weeks the EUR / JPY has been moving without being able to definitively break the resistance of 130.60, nor the support of 129.60.
Data, central banks and returns
In the Eurozone there was a rise in the indicators of the German IFO survey on business climate, although the advance was below market expectations.
After last week’s meeting of the European Central Bank, the key figure for this week in the region will be growth. On Japan, the central bank meeting on Thursday is a relevant event, although no changes are expected.
Also the Federal Reserve You will have your meeting and there will be growth data from the US Nor are surprises expected, nor news from the monetary authority. Traders will closely monitor what happens to the bond market.
Treasury yields are rising slightly on Monday, helping to support USD / JPY at 107.60 and thus EUR / JPY as well. Stock exchanges do not register relevant changes. Ahead of the day, the US durable goods order surge stands out on the economic calendar.
Technical levels
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