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EUR/JPY support at 130.00 on the rescue again

FXstreet.com (Barcelona) – The EUR/JPY foreign exchange cross rate is currently trading at 130.44 near session highs, few minutes away from Japan trade balance data at 23:50 GMT and Tokyo open with Nikkei futures pointing to a slightly higher start.

EUR/JPY bearish tone not changed

“Yen crosses bounced slightly higher following past Asian session Nikkei gains, but not enough to change the bearish tone of the past few days,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “EUR/JPY hourly chart shows indicators slightly bullish above their midlines, while price stands well below its moving averages and ranges, suggesting not much upward …read more