FXstreet.com (San Francisco) – Despite the increasing Yen bullish pressure, the EUR/JPY has been trading sideways in between 130.00 and 130.50 throughout the last two days. However, as Forex.com’s Kathleen Brooks said in a recent interview, the yen could be set to face a bullish movement in the upcoming days.
Currently, the Euro is trading at 130.10 against the Japanese Yen, 0.10% negative on the day. The short term perspective is strongly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic …read more