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20 Feb 2014
EUR/JPY finds support at 140.00
FXStreet (Córdoba) - The EUR/JPY posted moderate losses on Wednesday after being able to recover on the back of a weak Yen and finished around 140.50. The Euro was among the worst European currencies while the Yen posted gains across the board but finished far from the highs.
EUR/JPY trimmed losses from 140.00
During the European session the EUR/JPY accelerated to the downside and bottomed exactly at 140.00. From there rebounded rising strongly, reaching levels event above the opening price but as it approached 141.00 lost momentum.
After the release of the FOMC minutes retreated from 140.70 and fell to 140.35, bouncing afterward to finish at 140.50. Early in Asia the EUR/JPY is moving slightly to the upside but not showing much strenght.
EUR/JPY trimmed losses from 140.00
During the European session the EUR/JPY accelerated to the downside and bottomed exactly at 140.00. From there rebounded rising strongly, reaching levels event above the opening price but as it approached 141.00 lost momentum.
After the release of the FOMC minutes retreated from 140.70 and fell to 140.35, bouncing afterward to finish at 140.50. Early in Asia the EUR/JPY is moving slightly to the upside but not showing much strenght.