EUR/JPY finds support around 135.00

By FXStreet FXStreet (Edinburgh) – The Japanese yen is now giving away part of the initial gains vs. the shared currency, taking EUR/JPY to the 135.30 area.

EUR/JPY a tad better after ZEW

The decline in the cross seems to have found decent buffer around 135.00 the figure today, managing to regain the 135.25/30 band so far. The bid tone around JPY has been supported since the Asian trading hours by the steady stance of the BoJ at its meeting today, while Governor Kuroda stressed that the economy could reach the 2% inflation target around H1 2016, depending to the evolution of energy prices.

Back to the euro area, German and EMU ZEW Survey for the current month posted mixed results, with Economic Sentiment plummeting from previous prints and Current Situation outperforming.

EUR/JPY important levels

As of writing the cross is losing 0.61% at 135.24 facing the next support at 134.88 (low Sep.10) followed by 134.25 (low Sep.9) and finally 133.25 (low Sep.8). On the other hand, a surpass of 136.43 (high Sep.15) would aim for 136.72 (high Sep.14) and then 136.92 (high Sep.11).
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Source:: FX Street