EUR/JPY remains in bullish territory on 136 handle

By FXStreet FXStreet (Guatemala) – EUR/JPY is currently trading at 136.13 with a high of 136.33 and a low of 136.06.

EUR/JPY has consolidated on the 136 handle, but settled back from the overnight highs to trade close to the 136.00 level and below the key upside cap at 136.63. The risk environment was positive overnight and this was weighing on the Yen against a backdrop of the S&P rating agency that downgraded Japan’s rating to A+ from AA- on economic growth and the increasing government debt. We now await the outcome of the FOMC meeting the commenced overnight and subsequent interest rate decision tomorrow from the Fed.

EUR/JPY levels

Technically, the cross remains in a bullish position having made a minor recovery through the 50 and 20 SMA on the hourly chart and is supported by the 200 DMA at 135.61 with positive MACD turning more positive. To the downside, 134.80 guards 133.10 and 131.80 further out.
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Source:: FX Street