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EUR/JPY holds above 137.50

FXStreet (Córdoba) - The EUR/JPY moved in ranges all Thursday between weekly highs that lie at 137.83 and 137.50. The pullback from 2-week highs found support around 137.50.

Currently trades at 137.68, at the same price it closed yesterday. The currency market remains quiet ahead of the NFP report, with majors moving sideways.

EUR/JPY headed to lowest monthly close for 2014

The EUR/JPY is about to post the fourth monthly decline in a row. The pair declined despite Yen weakness and as the European currency fell across the board. The monthly chart shows the pair moving with a bearsih bias, retreating after hitting multi-year highs on December 2013 at 145.65.

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