EUR/JPY extends gains above 115.00

The pair EUR/JPY has been able to erase losses, after bouncing off the monthly minimum, and during the session of America extended gains.

The pair printed a new high at 115.66. Currently, traded at 115.50/55, up 30 pips from the closing price on Friday. Those profits, up to now, are sufficient for the euro to have the best day against the japanese yen since the 24th of march.

Today, the couple came to 114.84, the lowest since 9 November (presidential Elections of the united States). The yen opened the week up strongly after U.s. data on Friday, which showed a soft reading on inflation, and a contraction in retail sales and also in the midst of geopolitical concerns.

During the last hours, the japanese currency lost momentum in the midst of a rebound in u.s. stocks and a falling u.s. bond.

Technical levels

To the upside, resistance levels could be seen in 115.65/70 (daily maximum), 115.95 and 116.50/55 (12 April).

On the other hand, the support can be seen in 115.15 (a minimum of 14 April), 114.80/85 (daily minimum) and 114.55 (maximum of 10 of April).

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