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Friday, January 29, 2010

EUR/JPY slightly up this week

EUR/JPY has traded to upside session which results in early lows to rise above the open. Yen has weakened as compared to last friday. Yen's pisition typically benefits exporting stocks on the Nikkei.Yen has traded almost  between 126.00 and 126.50 before breaking out to upside in recent trading. No major move except EUR/JPY's position then afterwards. Now all eyes on US GDP later today.

EUR/JPY has traded lows of 124.80 before reaching its current level. EUR/JPY currently trading at 125.50.

EUR/JPY 's trend index is slightly bullish. This Data updated on Jan 29 at 06:53 (15-minute timeframe).

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