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EUR/JPY back above Fibonacci projection at 137.90 on German political agreement

FXstreet.com (Barcelona) – The EUR/JPY may have just been pushed back into bull mode early Wednesday by news out of Germany of an agreement between Angela Merkel and her political opponents.

EUR/JPY traders to be watching German data in addition to wires for more from Merkel

With no data due out of Japan Wednesday, EUR/JPY traders will not only continue to react to the news of political agreement in Germany, but also to German Consumer Confidence and the 10-year German Bund auction which will be released later in the session.

Technical outlook for EUR/JPY

Technicians say the <a target=_self …read more