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FXStreet (Córdoba) - The ECB decision to cut rates pushed the euro sharply to the downside across the board, even against the yen. EUR/JPY posted the lowest daily and weekly close since November 2013.
Price was holding above 136.00 but after the release of the NFP report fell to 135.80, Friday’s lowest price. Then rebounded slightly and rose toward 136.00, where it was trading near Wall Street closing bell.
Despite falling EUR/JPY was able to hold above August lows that lie at 135.70. The mentioned area has become and important support in the short term. To the upside the key resistance is located between 138.00 and 138.25 (September 3 high).
