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2 Jan 2015
EUR/JPY drops to 7-week lows
FXStreet (Córdoba) - EUR/JPY broke below 144.70 after the release of a weak ISM report in the US that boosted the yen across the board. The pair dropped from 145.00 to 144.33 in a few minutes, hitting the lowest price since mid November.
EUR/JPY levels
The decline found support above the 144.30 area and it was trading at 144.50, down 0.32% for the day. Below support levels might lie at 144.00, 143.65 (Nov 5 high) and 142.95.
To the upside, resistance could be located at 144.70 (Dec 30, 31 low), 145.30 and 145.55 (Dec 31 high).
EUR/JPY levels
The decline found support above the 144.30 area and it was trading at 144.50, down 0.32% for the day. Below support levels might lie at 144.00, 143.65 (Nov 5 high) and 142.95.
To the upside, resistance could be located at 144.70 (Dec 30, 31 low), 145.30 and 145.55 (Dec 31 high).