6 May 2014
EUR/JPY rises through 142.00
FXStreet (Córdoba) - The euro rallied across the board at the beginning of the European session, propelled by better-than-expected Eurozone data.
The EUR/JPY rose above the 142.00 mark and stretched to fresh weekly highs after April services PMI from Spain, Italy came in higher-than-expected, although German miss tempered the rally. As for the Eurozone as a whole, the PMI rose to 53.1 last month, meeting forecast.
The EUR/JPY rose nearly half a cent and peaked at 142.07 before losing momentum and it was at 142.00, up 0.20% on the day at last check. Meanwhile, the EUR/USD traded as high as 1.3931 in the PMIs aftermath.
The EUR/JPY rose above the 142.00 mark and stretched to fresh weekly highs after April services PMI from Spain, Italy came in higher-than-expected, although German miss tempered the rally. As for the Eurozone as a whole, the PMI rose to 53.1 last month, meeting forecast.
The EUR/JPY rose nearly half a cent and peaked at 142.07 before losing momentum and it was at 142.00, up 0.20% on the day at last check. Meanwhile, the EUR/USD traded as high as 1.3931 in the PMIs aftermath.