The euro bounced on Tuesday after hitting a 9-month low against the yen during the Asian trading session, as concerns over Chinese monetary policy sapped risk appetite.
EUR/JPY was back to 126.83 after reaching 126.12, where support is likely to be found. This point was the pair’s lowest since April 28 last year.
The euro is likely to find resistance against the yen at around 128.35, the Asian trading session high.
EUR/USD, meanwhile, was back to 1.4096, after hitting a daily low of 1.4073, where support is likely to be found. Resistance is likely to be found at around 1.4179, the daily high.
The euro also rebounded against the pound to 0.8682, pulling back from 0.8666, the pair’s lowest rate since Thursday. Support should be found at around 0.8650, Wednesday’s low; the pair is likely to find resistance near 0.8716, the daily high.