Vang SJC

Yesterday (12th March), EUR/JPY rebounded 0.56% after two day of falling, closed at 128.839 JPY, compared to 128.125JPY at the begin of the session.

Still under pressure from ECB’s QE commenced on 9th March, euro remain of sliding. The pair is on downward trend, approaching support level at 126.680 established on November 2009.

EUR/JPY has dropped 0.09%, traded at 127.579 JPY at 9:31 a.m. GMT+7.

EJ March 13 Fi

In the upcoming days, if euro reaches this support level, it may rebound to set a new resistance at 130.131 JPY. Investors are looking forward to the policy-making meetings of Bank Of Japan (BOJ) on 17th March.

Ban Mai