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7 Mar 2014
EUR/JPY breaks above 143.00, 9-week highs
FXStreet (Córdoba) - The EUR/JPY broke above 143.00 on Friday and climbed to 143.78, reaching the highest price since January 2. Price rose further after the release of the employment report in the US and during the American session pulled back trimming some gains but managed to hold above 143.00.
EUR/JPY posts strong weekly gains
The pair is about to end the week hovering around 143.30, with the highest weekly gain since March of last year. Price started the week trading under 140.00 but gained momentum on the back of a weak Yen initially and then soared as the Euro jumped following the ECB meeting and Draghi’s press conference, signaling that a rate cut was not on the cards.
On Friday the Euro held steady but the Yen plummeted particularly after the employment report in the US, pushing the EUR/JPY higher above 143.00.
EUR/JPY posts strong weekly gains
The pair is about to end the week hovering around 143.30, with the highest weekly gain since March of last year. Price started the week trading under 140.00 but gained momentum on the back of a weak Yen initially and then soared as the Euro jumped following the ECB meeting and Draghi’s press conference, signaling that a rate cut was not on the cards.
On Friday the Euro held steady but the Yen plummeted particularly after the employment report in the US, pushing the EUR/JPY higher above 143.00.