Forex: EUR/JPY held by Oct-4 low, at 101.31

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FXstreet.com (Barcelona) - Risk aversion is palpable today and the EUR/JPY dropped as low as 101.31, -1.10% on the day ( GMT ), just ahead of the release of the Sentix Investor Confidence in the Eurozone, that improved from -23.2 to -22.2 in October. However, the figure didn't reach the consensus of -20.8.

The EUR/JPY is retracing part of the recent losses, trading at 101.45. Ahead is industrial production in Germany, last piece of relevant data of the trading day.

Thursday's low at 101.31 is holding the pair from further downside ahead of the 101.00 psychological level. On the upside, Friday's low at 101.87 and the 102.00 mark may serve as resistance.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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