FXStreet (Edinburgh) - The Japanese yen is depreciating further following Governor Kuroda’s speech on Thursday, now lifting EUR/JPY to test session tops near 136.60.
EUR/JPY firmer on JPY-selling
In line with recent comments, BoJ’s Kuroda expects the domestic economy to extend its moderate recovery, while he also stressed that the central bank will remain vigilant on risks and make adjustments in case of need.
The selling pressure remains well and sound around JPY in a day where the FOMC gathering will take centre stage in the European evening, with the cross testing highs beyond 136.60.
EUR/JPY important levels
As of writing the cross is up 0.38% at 136.62 and a breakout of 136.72 (high Sep.14) would expose 136.92 (high Sep.11) and then 137.59 (high Aug.26). On the flip side, the immediate support lines up at 134.88 (low Sep.10) followed by 134.25 (low Sep.9) and finally 133.25 (low Sep.8).
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