Dukascopy Bank Team
Dukascopy Bank SA
EUR/JPY
The single European currency surged by 71 basis points or 0.59% against the Japanese Yen on Tuesday. The currency pair tested the 121.40 level during yesterday's trading session.
Bears pressured the exchange rate lower during the Asian session on Wednesday. Most likely, the pair could continue to edge lower throughout this day.
However, technical indicators suggest that bullish traders are likely to drive the EUR/JPY currency exchange rate towards the 121.40 level during the following trading session.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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