28 Nov 2014
EUR/JPY rises to 1-week highs above 147.40
FXStreet (Córdoba) - The euro gained momentum during the last hours and reached fresh highs across the board. EUR/JPY broke above 147.40 and climbed to 147.64, reaching the strongest level in a week.
EUR/JPY extends weekly gains
The pair is about to post the highest weekly close since September 2008, but still holds below last week highs that lie at 149.12. On Monday bottomed at 145.77 and then turned to the upside, but the area around 147.40 limited the pair until today.
The European currency holds a bullish tone across the board, after EZ inflation data and ahead of next’s week ECB meeting. EUR/JPY remains near daily highs, with eyes on 148.00, where the next important resistance might be located.
EUR/JPY extends weekly gains
The pair is about to post the highest weekly close since September 2008, but still holds below last week highs that lie at 149.12. On Monday bottomed at 145.77 and then turned to the upside, but the area around 147.40 limited the pair until today.
The European currency holds a bullish tone across the board, after EZ inflation data and ahead of next’s week ECB meeting. EUR/JPY remains near daily highs, with eyes on 148.00, where the next important resistance might be located.