Home EUR/JPY: Monitoring key support at 115.87 – TDS
FXStreet News

EUR/JPY: Monitoring key support at 115.87 – TDS

With investor sentiment under intense pressure again after Trump’s address overnight, the focus turns to Thursday’s crucial ECB meeting. Analysts at TD Securities look at the EUR/JPY pair, which is trading at 116.71, and establish the key levels to watch. 

Key quotes

“We think it will be very difficult for EU policymakers to deliver the kind of coordinated and comprehensive action we saw from the UK this week.” 

“We expect a somewhat counterintuitive move in EUR in response to this disappointment, however.” 

“We are monitoring key support at 115.87. A break lower would target a move through 114.85 ahead of a potential test of 112.09 in the days ahead if sentiment deteriorates further.”


FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.