EUR/JPY hits highest levels since early November at 132.00 as post-hawkish ECB euro momentum continues for second day By Frank_Macro EURJPY ECB BOJ
h ECB euro momentum continued for a second day. The pair, up a further 0.4% on Friday, has now surged about 2.0% since Wednesday’s close underneath 129.50. Even more impressive is the pair’s on-the-week gains, which currently stand at just under 2.8%, putting the pair on course for its best weekly gain since June 2020.
That certainly seems to have been the case for EUR/JPY, with many traders now predicting the pair will test its H2 2021 highs around 133.50 in the coming weeks.
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