EUR/JPY chart: Key descending trendline out of the way

FXStreet (Bali) - In the past few hours, we have seen EUR/JPY breaking through a descending trendline coming from March 7 high, with a subsequent backward bounce at 141.90 reinforcing the bullish case in the sessions ahead.

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Apr 1, 2014

Australian PMI shows further contraction in March

The latest Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) for Marcg came at to 47.9 points (seasonally adjusted), which represents a 0.7 point drop from a previous 48.6 in February.

EUR/JPY now side-lined and awaiting impetus

EUR/JPY is trading at 142.20 currently, up 0.05% on the day, having posted a daily high at 142.28 and low at 142.05. not much happening here but fundamentals are along the way.