EUR/JPY

The common European currency appreciated about 168 basis points against the Japanese Yen on Thursday. The currency pair hit a six-month high level at 122.50 during yesterday's trading session.

All things being equal, the exchange rate will most likely continue to trade bullish within the following trading session. The EUR/JPY pair could target the 123.03 regions.

However, the currency exchange rate might make a brief pullback towards the weekly R3 at 121.71 within today's trading session.

EURJPY

 

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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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