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4 Feb 2015
EUR/JPY declined after Eurozone retail sales data
FXStreet (Mumbai) - The EUR/JPY pair fell to session lows after the Eurozone retail sales growth slowed down in December.
Pair hits session lows
The pair felt to 134.19 levels after the data showed retail sales growth slowed down to 0.3% month-on-month in December from 0.6% in November. However, losses have been capped since the retail sales show a rise of 2.8% year-on-year from 1.5% in December.
Moreover, an upbeat year-on-year data has seen the pair recover above 134.34 levels after hitting a low of 134.19 levels.
EUR/JPY Technical Levels
The immediate resistance is seen at 134.70, above which gains could be extended to 135.34 levels. Meanwhile, support is seen at 134.22 and 133.58 levels.
Pair hits session lows
The pair felt to 134.19 levels after the data showed retail sales growth slowed down to 0.3% month-on-month in December from 0.6% in November. However, losses have been capped since the retail sales show a rise of 2.8% year-on-year from 1.5% in December.
Moreover, an upbeat year-on-year data has seen the pair recover above 134.34 levels after hitting a low of 134.19 levels.
EUR/JPY Technical Levels
The immediate resistance is seen at 134.70, above which gains could be extended to 135.34 levels. Meanwhile, support is seen at 134.22 and 133.58 levels.