20 Mar 2015
EUR/JPY rises above 129.00
FXStreet (Córdoba) - The EUR/JPY is rising on Friday, recovering after reversing sharply on Wednesday from 131.85. The euro hit a fresh high versus the yen at 129.50 and currently trades at 129.40, 65 pips above yesterday’s closing price.
EUR/JPY stabilizing
Volatility in the currency market continues to decline after surging on Wednesday following the FOMC meeting. EUR/JPY distance between today’s high and low is 80 pips, below the range of 250 and 360 pips of the previous two days respectively.
The euro is headed toward the first weekly gain after falling during the previous three and is having so far the best performance since early February.
EUR/JPY stabilizing
Volatility in the currency market continues to decline after surging on Wednesday following the FOMC meeting. EUR/JPY distance between today’s high and low is 80 pips, below the range of 250 and 360 pips of the previous two days respectively.
The euro is headed toward the first weekly gain after falling during the previous three and is having so far the best performance since early February.