EUR JPY withdrawing from session high
8/23/2016 7:58:44 AM
by https://www.fxervin.com/ https://www.facebook.com/FxErvin/ The EUR/JPY cross removed entire gains and now trades modestly flat around the mid-point of 113.00 handle, wait for fresh direction from the imminent Eurozone manufacturing PMIs. The EUR/JPY pair now trades modestly flat at 113.55, withdrawing from session highs reached at 113.75 earlier on the day. The EUR/JPY cross struggles to keep the bids as the JPY expands its overnight bullish run against its American counterpart, dropping USD/JPY closer towards 100 barrier. In the meantime, the downside remains protected as the cross finds some support from stronger EUR/USD, which floats near session tops beyond 1.1300 handle. Looking ahead, the upcoming Eurozone flash PMIs will be closely eyed for fresh incentive, while markets continue to digest latest comments from former BOJ official Shirai. The pair has an immediate persistent at 114.00 and from there to 114.80. On the other hand, support is seen at 113.30 below which it could extend losses to towards 113.00.