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EUR/JPY raging higher on better Europe and dovish Japan; 139.06 next target

FXstreet.com (Barcelona) – The EUR/JPY continued to rip higher Wednesday on German political peace and the continuing “risk-on” environment. Another potential upside target at 139.06 is being approached rapidly.

EUR/JPY traders to be watching Japanese and European data Thursday

Potentially market-moving data for EUR/JPY traders will be released by Japan and the EU contingent Thursday, including: Japan Foreign Investment in Japanese Securities; Japan Retail Sales; German Unemployment; EuroZone Consumer Confidence; EuroZone Sentiment indicators; and German Inflation Data. Traders will be looking for any signs that the current trend of bullish-euro / bearish-Yen data is on the verge of …read more