EUR/JPY
The common European currency surged by 61 pips or 0.50% against the Japanese Yen on Monday. The currency pair tested the 123.90 level during yesterday's trading session.
The EUR/JPY exchange rate is currently trading near the monthly resistance level at 124.00.
If the pair breaks the monthly resistance level, a surged towards the 124.50 level could be expected today.
However, if the resistance line holds, bearish traders could target the weekly pivot point at 123.37 within this 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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