Forex: EUR/JPY rises back to 128.00

FXstreet.com (Córdoba) - The euro managed to recover ground versus the yen at the beginning of the NY session, after falling to the 127.20 area in the wake of disappointing eurozone data. EUR/JPY found buyers at lows and rose back to the 128.00 zone, erasing completely its daily losses.

At time of writing, EUR/JPY is trading around 128.00, virtually unchanged since opening, with immediate resistances at 128.45 (daily high) and 128.60 (high Apr 29). On the downside, supports are seen at 127.20 (daily low) and 127.00 (psychological level).