EUR/JPY trading on the upper side; JPY eases

FXstreet.com (Athens) – The EUR/JPY is trading upwards the last couple of hours despite Iraq declares state of alert over Syria strike possibility.

EUR/JPY sitting well above 130.00 area

The pair was moving downwards till the opening of US markets, but after dismal US data and the general yen easing across the board, the pair finally managed to break the 130.00 level. Briefly, the scarce data out of Europe today was on the weaker side, but did little to move markets. Despite, until 10.00 GMT hours the single currency hurt smoothly on dismal German GfK consumer confidence and weak Italian retail …read more