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30 Dec 2014
EUR/JPY Dives Deeper as Greek Snap Elections Woes take Centre Stage
FXStreet (Mumbai) - The single currency dropped the most in two-weeks against the Japanese yen today, as upcoming Greek general elections raised concerns over the country’s financial situation.
Currently, the EUR/JPY pair trades at 145.56 levels, down -0.74% on the day, after having previously posted day’s low at 145.12 levels. The common currency slipped against its Japanese counterpart as traders now weigh the possible negative impacts of the snap general elections which may potentially trigger a crisis, or even a Greek exit from the euro zone. Fresh concerns spread that the leftist-party Syriza may win the Greek general elections on January 25 and put an end to the country's bailout program.
Moreover, the re-emergence of risk-off moods supported the yen which also weighed on the EUR/JPY cross.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 146.75 (Today’s High) and above which it could extend gains to at 147.25 (Dec 29 High) levels. To the downside immediate support might be located at 145 levels below that at 144.73 (Nov 17 Low) levels.
Currently, the EUR/JPY pair trades at 145.56 levels, down -0.74% on the day, after having previously posted day’s low at 145.12 levels. The common currency slipped against its Japanese counterpart as traders now weigh the possible negative impacts of the snap general elections which may potentially trigger a crisis, or even a Greek exit from the euro zone. Fresh concerns spread that the leftist-party Syriza may win the Greek general elections on January 25 and put an end to the country's bailout program.
Moreover, the re-emergence of risk-off moods supported the yen which also weighed on the EUR/JPY cross.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 146.75 (Today’s High) and above which it could extend gains to at 147.25 (Dec 29 High) levels. To the downside immediate support might be located at 145 levels below that at 144.73 (Nov 17 Low) levels.