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 Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

EU Confidence Could Be the Financial Crisis' Worst Casualty

EU Confidence Could Be the Financial Crisis' Worst Casualty

In Depth

Warped Magazine Editing Fee: Pay-To-Play ‘Scam’ Targeting Unwitting Punk Bands, According To Facebook And Reddit Users

Punk Bands: Would You Pay $45 To Be In A Mag You’ve Never Heard Of?

Borrowing To Buy: How Much Do Americans Owe?

Borrowing To Buy: How Much Do Americans Owe?

The West Bank Wall: What Life Is Like For Palestinians And Israelis Divided By The Barrier

Life For Palestinians And Israelis Divided By West Bank Wall

Journeys In Jaffna, Sri Lanka, 4 Years After The Civil War’s Bloody Conclusion

Inside Northern Sri Lanka 4 Years After Civil War

web counter