EUR/JPY support in the vicinity of the 123,10

FXStreet After the decline to the intraday low of 123,15/10, there was a recovery to 123,80, where a loss makes a difference.

The Couple suffers from risk aversion, and growing concerns over Greece as the market speculated that the country is facing an inability to pay.

The better dynamics compared to the JPY is also based on the good April, retail sales of Japan and the employment rate, while the unemployment rate is 2.8%.

The consumer price index Spain us put on an annual base in may by 2.0 %, while later the business climate index, consumer sentiment, and the Flash CPI Germany, to be published.

EUR/JPY relevant levels

Currently, the daily loss -0,35% 123,78 and the next supports is at 123,16 (Deep 30. May) and 122,52 (Tief 18. May) and 122,52 (100-day MA). On the other hand, Resistances at 124,25 (20-day SMA), 124,69 (High 29. May) and 124,86 (38,2% Fibo of the 2014-2016 decline).

** FXStreet News Editorial, FXStreet**

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