Forex: EUR/JPY range trading 132.71-132.83

By IBTimes Staff Reporter | December 30 2009 10:29 PM

FXstreet.com (London) - EUR/JPY has retained is early upmove in the Asian session against the Yen.

Sponsorship Link

Pair gained 20 pips in opening minutes of trade and has come to consolidate just off highs, currently trading at 132.75.

With early sentiment now established, and moreover with Nikkei closed, band trading will likely be theme of session. Pair is moving sideways within the range 132.71-132.83. Volumes continue to seep lower ahead of the first trading of 2010 when a flurry of trade is expected to buoy volatility.

Despite the upmove (trading 20 pips up), the medium term downtrend of the Euro looks set to continue.

.

Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

Alibaba Subsidiary Lets Small And Medium Sized-Companies Hedge Against Fluctuating Yuan

Alibaba Subsidiary Lets Small And Medium Sized-Companies Hedge Against Fluctuating Yuan

Eurozone Leaders Try to Tackle Tax Evasion

Eurozone Leaders Try to Tackle Tax Evasion

Radical AfD Political Party Could Disrupt German Elections

Radical AfD Political Party Could Disrupt German Elections

In Depth

Afghanistan After The United States And NATO Leave: Economic Boomtown, Or A Disaster Waiting To Happen?

Afghanistan After The West: Boomtown Or Disaster?

3D Printing Risks: Not Just Plastic Guns, But Military Parts, Drugs And Chemical Weapons

3-D Printing: Plastic Guns Should Be The Least Of Our Worries

Whatever Happened To Libyan Oil? For Western Oil Giants, The Crude Is Sweet But China And Russia May Get The Biggest Taste

Two Years After Revolution, Whatever Happened To Libyan Oil?

The Euro Zone Economies Are Spiraling Down But By The Social Progress Index European Nations Beat The US For The Top Spots [CHART]

In Providing Basic Needs, Europe Bests The US

web counter