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EUR/JPY retraces from 138 cap

FXstreet.com (Barcelona) – Having jumped overnight to post a high at 138.01, EUR/JPY has since declined from resistance and is presently trading at 137.60, up 0.23% on the days trading.

EUR/JPY tested 138.00 on Kuroda commentary

EUR/JPY climbed sharply overnight following comments from the BoJ Governor Kuroda who reiterated that the central banks commitment to the 2% inflation target remained “very strong”. He added later that the bank remained flexible policy wise and willing to adapt in order to meet its target. More recently, the pair has weakened on seemingly contradictory commentary from Japanese FinMin Aso, who stated that officials …read more