ThinkForex - Analytics

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    Yen strengths as tensions appear within BoJ

    Another lively Asia session has seen JPY strengthen and Nikkei weaken, placing several Yen crosses at technical junctures as we head into today's ECB meeting, Carney speech and US employment data. 






     
    EURJPY:    Rests precariously above 3yr lows
    Resistance 3:   128.20 31/03 high, monthly S3
    Resistance 2:   126.50 28/04 high, monthly R2
    Resistance 1:   124.70 12/05 high, monthly R1
    SPOT   122.24  
    Support 1:   121.50 3 year-low (06/05), monthly S1
    Support 2:   120.00 monthly S2
    Support 3:   118.70 24/02 low, monthly S2

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