FXstreet.com (Córdoba) - The euro rose to a 6-week high versus the safe-haven yen as market optimism continued on Tuesday amid speculations the ECB could act to cap sovereign yields.
EUR/JPY gained over 100 pips throughout the day, also underpinned by Fitch's Riley words, and hit its highest since Jul 6 at 98.98 in recent dealings. At time of writing, EUR/JPY is trading at the 98.95 area, 0.8% above its opening price.
As for technical levels, next resistances are seen at 98.90, 99.10 and 99.25, while supports could be found at 98.35, 98.00 and 97.75.
EUR/JPY gained over 100 pips throughout the day, also underpinned by Fitch's Riley words, and hit its highest since Jul 6 at 98.98 in recent dealings. At time of writing, EUR/JPY is trading at the 98.95 area, 0.8% above its opening price.
As for technical levels, next resistances are seen at 98.90, 99.10 and 99.25, while supports could be found at 98.35, 98.00 and 97.75.
