30 Apr 2015
EUR/JPY extends gains above 134.00
FXStreet (Córdoba) - EUR/JPY rallied another 100 pips and reached 134.34, level last seen back in early March.
Euro up, Yen down
The pair is climbing more than 1% on Thursday, extending the weekly rally to more than 500 pips. While the euro is the best performer in the currency market, the yen is falling across the baord as USD/JPY approaches 120.00 after trading bleow 119.00 just a few hours ago.
EUR/JPY is about to post the highest close in almost two months as it continues to recover from 127.49 (Apr 14 low). From a technical perspective, the euro strengthened considerably yesterday after breaking a key resistance located around 131.50 - 131.70.
Euro up, Yen down
The pair is climbing more than 1% on Thursday, extending the weekly rally to more than 500 pips. While the euro is the best performer in the currency market, the yen is falling across the baord as USD/JPY approaches 120.00 after trading bleow 119.00 just a few hours ago.
EUR/JPY is about to post the highest close in almost two months as it continues to recover from 127.49 (Apr 14 low). From a technical perspective, the euro strengthened considerably yesterday after breaking a key resistance located around 131.50 - 131.70.