EUR/JPY catches fresh bids on BOJ’s Kuroda, near 115.20

The shared currency extends its recovery mode against its Japanese counterpart, taking EUR/JPY further beyond 115 handle amid light-trading.

EUR/JPY eyes 5-DMA at 115.49

The EUR/JPY pair now drops -0.11% to flirt with session tops of 115.19, as the EUR/USD pair catches a fresh bid-wave amid extension of the losses in short-duration treasury yields.

Moreover, fresh selling interest seen around the yen on the back of latest comments from BOJ Kuroda, also aids the recovery in EUR/JPY. Meanwhile, the USD/JPY extends the upside towards 108.50 levels, after the BOJ Chief said that momentum in the price trend is lacking.

Focus shifts towards the US datasets due later in the NA session for fresh impetus, as major European markets remain closed in observance of Easter Monday.

EUR/JPY: Technical Levels                               

Higher side: 115.49 (5-DMA), 115.81 (classic R2/ Fib R3), 116.45 (10-DMA)

Lower side: 114.85 (4-month low), 114.50 (psychological levels), 113.66 (week-ended Nov 6 low)