EUR/JPY moves below the 120.00 handle. US-China, Hong Kong jitters weigh on the cross. US FOMC minutes next of relevance in the calendar. Further buying pressure in the Japanese yen has forced EUR/JPY to retreat to the area below the 120.00 handle, or new 3-day lows. EUR/JPY focused on risk trends, FOMC The cross has come under renewed downside pressure as of late and is now losing ground for the second session in a row in tandem with the deteriorating sentiment around the US-China trade front as well as rising social and political instability in Hong Kong. In fact, inflows into the safe havens like the Japanese yen and bonds have gathered extra traction in past hours and keep weighing on the cross and dragging yields lower on Wednesday. In the docket, German Producer Prices disappointed estimates once again, contracting more than expected during last month. Later in the NA session, the FOMC will publish its minutes from the latest meeting. EUR/JPY relevant levels At the moment the cross is retreating 0.24% at 119.95 and a breach of 119.45 (55-day SMA) would expose 119.24 (monthly low Nov.14) and finally 117.07 (monthly low Oct.7). On the flip side, the next up barrier emerges at 120.68 (high Nov.18) seconded by 121.47 (monthly high Oct.31) and then 121.78 (200-day SMA). 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. View All Post By FX Street FXStreet News share Read Next Russia’s Putin: Russian oil production has increased despite curbs FX Street 3 years EUR/JPY moves below the 120.00 handle. US-China, Hong Kong jitters weigh on the cross. US FOMC minutes next of relevance in the calendar. Further buying pressure in the Japanese yen has forced EUR/JPY to retreat to the area below the 120.00 handle, or new 3-day lows. EUR/JPY focused on risk trends, FOMC The cross has come under renewed downside pressure as of late and is now losing ground for the second session in a row in tandem with the deteriorating sentiment around the US-China trade front as well as rising social and political instability in Hong Kong. In fact, inflows… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
