FXstreet.com (Córdoba) - The Yen is recovering against the Euro after falling during the Asian session. EUR/JPY peaked at 134.33, posting the highest price of the day. The pair failed to stay above 134.00 and fell to 133.65, currently it trades at 133.80/85, 0.12% above today's opening price.
To the upside resistance lies at 134.40/50 (Nov 13 high) and above at 135.00 (Nov 12 high). Support could be located at 133.50 and below at 131.80.
Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, comments: Yen crosses continue to disappoint as they trade within this year's ranges for months on end. This one (EUR/JPY), in the middle of the broad band, gives no clue as to what it might to next.