EUR/JPY testing the 133.00 level

FXstreet.com (Barcelona) - The EUR/JPY has continued rising higher Wednesday, receiving a catalyst from the BoJ earlier, which kept its interest rates fixed at 0.1%.

At the time of writing, the pair has now moved markedly higher to test the 133.00 level, up a staunch +0.55% above its opening. The Mataf.net analyst team postulates the next means of resistance at 132.92, followed by 133.18, and ultimately 133.68. Should the pair erase its gains, a movement below 132.16 will initiate short-term supports for the EUR/JPY at 131.66, and 131.40.

According to the Technical Analyst Team at ICN.com, “The EUR/JPY moved higher within the same range, currently approaching the top of the range and 132.75 high. Meanwhile the RSI continues to provide a bearish divergence; accordingly, we remain neutral awaiting a clear break above 132.75.”

In the EMU, the Current Account s.a came in at €25.9B in March, against expectations of only €15.0B. In addition, the Current Account n.s.a has yielded a figure of €24.8B, which marks an improvement from €11.5B previously.